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IRS Audit Protection: $400,000 Income Threshold.

This bill aims to protect low- and middle-income citizens from increased tax audits. If your annual taxable income is below $400,000, additional IRS funds cannot be used to audit you. This ensures that new IRS funding does not burden everyday citizens.
Key points
Additional IRS funds cannot be used to audit taxpayers with taxable incomes below $400,000.
The goal is to protect low- and middle-income citizens from an increase in audits.
This change prevents new, substantial IRS funds from being used for widespread audits of ordinary taxpayers.
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Additional Information
Print number: 117_S_4817
Sponsor: Sen. Crapo, Mike [R-ID]
Process start date: 2022-09-12