IRS Plan for $80 Billion Coming This Week, Yellen Says (1)

The IRS’s plan for spending its roughly $80 billion in multiyear funds will be released this week, according to Treasury Secretary Janet Yellen and IRS Commissioner Danny Werfel.

The IRS will outline its priorities for the Inflation Reduction Act funds “in greater detail later this week—with the release of the Strategic Operating Plan,” Yellen said Tuesday during a ceremonial swearing-in ceremony for Werfel at IRS headquarters.

The plan will build upon the IRS’s efforts to allow taxpayers and tax professionals to interact with the agency online. The 10-year plan will propose that in the first five ...