IRS Rakes in Record $4.9 Trillion in Taxes from Americans Amid Enforcement Crackdown

The Internal Revenue Service (IRS) raked in a record $4.9 trillion in taxes from Americans in the last fiscal year, due in large part to automated collections processes and aggressive audits that saw taxpayers hit with billions in additional taxes after examination.

The Treasury Inspector General for Tax Administration (TIGTA), the watchdog that oversees the IRS, revealed in a Dec. 20 report on tax compliance activities that the agency collected a record-breaking amount of money in fiscal year 2022 from American taxpayers.

The $4.9 trillion the tax agency raked in last year was around $790 billion more than the prior year, thanks in large measure to a significant increase in enforcement revenue.