The Internal Revenue Service has committed to spending $847.6 million of the roughly $80 billion it received in last year’s tax-and-climate law as of February, the Treasury Department said Friday.
Of that amount, $426 million has been obligated for taxpayer services, $6.6 million for enforcement, $315.4 million for operations support and $99.6 million for business systems modernization, Treasury said.
- The agency has used funds from the tax-and-climate law to improve taxpayer services during the ongoing filing season, including by hiring 5,000 customer-service representatives to answer the agency’s phones and perform other functions, Treasury has said.
- The IRS is working on ...
Learn more about Bloomberg Tax or Log In to keep reading:
See Breaking News in Context
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools and resources.