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This house appropriation this House Appropriations subcommittee hearing on the 2025 budget is about two hours. [inaudible conversations] close a door please. Thank you. The subcommittee on Financial Services and general government will come to order. I would likee to welcome irs commissioner werfel, the first time youve appeared before the subcommittee will look for to discussing the irs fiscal year 2025 budget submission. This is also my first hearing as chairman of the subcommittee and im looking forward to conducting this oversight with the agencies under the subcommittee jurisdiction Whose...

Like midco. Midco supports cspan along with these other television providers, giving you a front row seat to democracy. I. R. S. Commissioner Danny Wuerffel testified the agencys focus is on high income of individuals and businesses making over 400,000 a year, particularly those who have not paid their legally owed taxes. This house appropriation subcommittee hearing on the 2025 budget is about two hours. The subcommittee on Financial Services and federal government will come to order. I would like to welcome mr. Wuerffel, the first time you appeared and look forward to discussing the i. R. S....

Millions of Americans could receive their tax refunds more quickly in coming years as the Internal Revenue Service brings its technology further into the 21st century.

Most taxpayers will have the option of going entirely paperless starting with the 2024 filing season. The IRS said today that it aims to “achieve paperless processing for all tax returns” by 2025. The agency says the IRS Paperless Processing Initiative will “eliminate up to 200 million pieces of paper annually, cut processing times in half and expedite refunds by several weeks.” The project is funded by President Biden’s Inflation Reduction Act of 2022.

Millions of Americans could receive their tax refunds more quickly in coming years as the Internal Revenue Service brings its technology further into the 21st century.