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$80 Billion to the IRS: What It Means for You

You may have noticed that it is extremely difficult to contact the IRS and that it takes longer than you expected for your information to be processed.

The IRS has a backlog of millions of unprocessed paper tax returns, and taxpayers can’t get through to the agency on the phone. Congress noticed and took action by passing a massive funding of the IRS in the recently enacted Inflation Reduction Act.