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1 1 (November 17, 2022)

handle is hein.crs/govejkr0001 and id is 1 raw text is: s\Congressional ____ R' fesearch Service How Might the Internal Revenue Service Use $78.9 Billion in Mandatory Funding? November 17, 2022 The law commonly referred to as the Inflation Reduction Act (IRA, P.L. 117-169) provides the Internal Revenue Service (IRS) a total of $79.6 billion in mandatory funds, most of which are available for obligation until September 30, 2031. These funds are in addition to the IRS's annual appropriations during that period. This marks the first time that Congress has approved multiyear funding for the service. The IRA specified that $78.9 billion should be distributed among the IRS's four appropriation's accounts, as follows: * $45.6 billion to expand enforcement activities; * $25.3 billion to acquire and operate information technologies (ITs) to support critical functions; * $4.8 billion to accelerate the modernization of IRS's business systems; and * $3.2 billion to improve taxpayer services. The remaining $700 million is for activities broadly related to the IRS's use of the mandatory funds: * $15 million (until September 30, 2023) for an IRS task force to develop an estimate of the cost of options for implementing a free direct filing option through a secure IRS web portal for all taxpayers, with input from taxpayers and experts; * $403 million (until September 30, 2031) for the Treasury Inspector General for Tax Administration; * $104.5 million (until September 30, 2031) for the Treasury Department's Office of Tax Policy; * $153 million (until September 30, 2031) for the U.S. Tax Court; and * $50 million for other Treasury Department offices involved in implementing IRA's provisions. The IRA funding for the IRS has the potential to substantially boost its annual budget through FY2031, depending on when the money is obligated. In FY2022, for instance, the IRS received $12.6 billion in Congressional Research Service https://crsreports.congress.gov IN12050 CRS INSIGHT Prepared for Membersand Committeesof Congress

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