Why It's Time to Revisit the 1970 Federal Requirement to Report Cash Transactions Exceeding $10,000

One aspect of this requirement is that because the limit is stated as a dollar amount ($10,000), inflation lowers the real value of that limit year after year. Adjusting for inflation, $10,000 in 1970, when the Act was passed, would be $65,000 today. As inflation continues, the reporting requirement continues to shrink in terms of real purchasing power.