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IRS is using $60B funding boost to ramp up use of technology to collect taxes − not just hiring more enforcement agents - Vimarsana News

IRS is using $60B funding boost to ramp up use of technology to collect taxes − not just hiring more enforcement agents

The Internal Revenue Service is getting a funding boost thanks to the Inflation Reduction Act, which President Joe Biden signed into law in 2022.

IRS using new funding on better technology to collect taxes - Vimarsana News

IRS using new funding on better technology to collect taxes

The IRS plans to use most of its new funding under the Inflation Reduction Act to step up enforcement and improve customer service for taxpayers.

Source: yahoo.com
IRS is using $60B funding boost to ramp up use of technology to collect taxes − not just hiring more enforcement agents - Vimarsana News

IRS is using $60B funding boost to ramp up use of technology to collect taxes − not just hiring more enforcement agents

The agency hopes to make paying taxes less onerous for the majority of Americans who follow the rules.

How Biden's $60 billion will transform IRS technology - Vimarsana News

How Biden's $60 billion will transform IRS technology

The IRS has been researching how to add AI to its capabilities since at least 1986 ... but it's still operating off a 60-year-old computer system.

IRS is using $60B funding boost to ramp up use of technology to collect taxes − not just hiring more enforcement agents - Vimarsana News

IRS is using $60B funding boost to ramp up use of technology to collect taxes − not just hiring more enforcement agents

Outdated technology has hampered the agency's effectiveness.