The IRS imposed a record $7 billion in penalties on American taxpayers in 2023, marking a nearly 300% increase from the previous year. The majority of these fines were levied against individuals who underpaid their estimated quarterly income taxes.
The IRS hit Americans with $7 billion in tax penalties in 2023, a record-high level that marks a nearly 300% increase from the prior year. https://t.co/eGePaP0YeM
Biden 2024: It Will Get Worse “The IRS hit Americans with $7 billion in tax penalties in 2023, a record-high level that marks a nearly 300% increase from the prior year. The majority of the fines were levied against those who underpaid their estimated quarterly income taxes,… https://t.co/fR0NC0KmVP https://t.co/Y5LxPx1zt4
The IRS hit taxpayers with a record $7 billion in penalties last year. https://t.co/q4Qo4iAFvG
IRS penalties on Americans surged nearly 300% last year https://t.co/AeOgwvrhth
A Surging IRS Penalty Is Costing Americans Billions. Here’s How to Avoid It, by @Saunderswsj https://t.co/TvyOE1tP47