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Limiting IRS Audits for Taxpayers Earning Below $400,000.

This bill aims to protect low- and middle-income citizens from an increased number of tax audits. It prohibits the use of additional IRS funds for auditing taxpayers whose taxable income is below $400,000. This measure ensures that individuals earning below this threshold are shielded from potential audits resulting from the massive funding increase for the IRS.
Key points
Financial Protection: Additional funds allocated to the IRS (nearly $80 billion) cannot be used to audit taxpayers with incomes below $400,000.
Tax Security: Low- and middle-income earners (below $400,000) gain greater assurance that they will not be subjected to audits due to the IRS budget increase.
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Additional Information
Print number: 118_S_398
Sponsor: Sen. Crapo, Mike [R-ID]
Process start date: 2023-02-14