Senate bill targets IRS funding for wealthy audits

What does this do?

This bill would provide the IRS with additional funding over six years, from 2026 to 2031. The money would go toward four areas: collecting unpaid taxes and conducting audits and criminal investigations, helping taxpayers understand their obligations, updating computer systems to better detect fraud, and modernizing core business software.

Who does it affect?

The IRS would carry out the new work, with a directed focus on high-income individuals and large corporations rather than ordinary wage earners. The IRS Commissioner would report to Congress every two years on progress, and the Treasury Inspector General would independently review those results.

Why does it matter?

If passed, the IRS would have more resources to pursue unpaid taxes and update aging technology systems. Audits and enforcement would be aimed more at high-income filers and large corporations under the bill's direction.

What does it cost, and who pays?

• IRS gets extra funding 2026–2031
• Exact dollar amount not specified