The IRS wants to end another major tax loophole for the wealthy and raise $50 billion in the process
![The IRS wants to end another major tax loophole for the wealthy and raise $50 billion in the process](https://twt-thumbs.washtimes.com/media/image/2024/05/30/IRS_Direct_Filing_49461_s1440x960.jpg?f72536d07237fdd262042ae8f5e6e6de3b865f3c)
The IRS plans to end a major tax loophole for wealthy taxpayers that could raise more than $50 billion in revenue over the next decade, the U.S. Treasury Department says.