What has the IRS spent IRA funding on?

The Treasury Inspector General for Tax Administration (TIGTA) issued a report updating how the IRS has spent funding provided by the Inflation Reduction Act (IRA). Of the approximate $78 billion, the agency expended nearly $4.4 billion (5.6%) through Dec. 31, 2023. Breaking the numbers down further, of the $4.4 billion, the IRS spent nearly $2 billion to supplement its FY 2023 annual appropriation because the amount the agency otherwise received was insufficient to cover normal operating expenses. The IRS also spent $11.6 million in FY 2023 to improve its direct e-file tax return system. The IRA-provided funding is available through Sept. 30, 2031. Read the report: https://bit.ly/49WVUiZ