Inflation Reduction Act Allocates $79.6 billion to the IRS

Inflation Reduction Act Allocates $79.6 billion to the IRS

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Date 23 Aug 2022
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The Inflation Reduction Act allocates $79.6 billion to the agency over the next 10 years. More than half of the money is meant for enforcement. The remainder of the funding is earmarked for operations, taxpayer services, technology, development of a direct free e-file system. Collectively, those improvements are projected to bring in $203.7 billion in revenue from 2022 to 2031, according to recent estimates from the Congressional Budget Office.

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