Episode 25: Trump vs. Harris Tax Showdown and IRS’s $1.3B Recovery from the Wealthy

In Episode 25 of 'The Taxverse Podcast Experience,' hosts Zac Crites and Tanner Nickles dive into the latest tax policy debates between presidential candidates Donald Trump and Kamala Harris. We break down their contrasting approaches and what they could mean for taxpayers across the country. Plus, we explore the recent announcement from the IRS and the U.S. Department of the Treasury about recovering $1.3 billion from high-income and high-wealth individuals through initiatives under the Inflation Reduction Act.

 

Resources:

https://smartasset.com/taxes/first-time-homebuyer-tax-credit

https://www.irs.gov/newsroom/us-department-of-the-treasury-irs-announce-1-point-3-billion-recovered-from-high-income-high-wealth-individuals-under-inflation-reduction-act-initiatives

https://www.empower.com/the-currency/money/irs-audit-triggers

https://www.ncsl.org/human-services/child-tax-credit-overview

https://www.thetaxadviser.com/issues/2022/nov/deduction-of-startup-expenses.html