IRS Has Used $6.9 Billion in Climate Law Funds, Watchdog Says

The IRS spent about $6.9 billion of its additional funding from the 2022 tax-and-climate law through the third quarter, the agency watchdog said in a report Thursday.

Almost 12% of the nearly $58 billion the agency received from the so-called Inflation Reduction Act was expended as of June 30, the Treasury Inspector General for Tax Administration said.

IRS officials told TIGTA that $2 billion of the $6.9 billion was used to supplement the annual appropriation for normal operating expenses—a figure similar to what the agency reported for fiscal 2023 in TIGTA’s April update.

• Most of the labor ...