DAVE & DUJANOVIC

Inflation Reduction Act would provide nearly $80 billion for IRS

Aug 10, 2022, 9:59 AM | Updated: Aug 11, 2022, 7:07 am

A paper reading IRS, internal revenue service is pictured...

The IRS would recieve almost $80 billion in funding. Photo: Adobe Stock

SALT LAKE CITY — The IRS would receive alnost $80 million dollars in funding through the Inflation Reduction Act. The money would mainly be used on tech and modernization. 

The IRS had a backlog of 10.2 million unprocessed individual returns as of last month. The current system that the agency uses to process is an outdated paper system and information has to be manually processed.

The funds would also be used to hire more IRS agents.

Would that open the door for more audits? Listen to the Dave and Dujanovic segment below:

 

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Inflation Reduction Act would provide nearly $80 billion for IRS