Inflation Reduction Act Oversight
On August 16, 2022, the President signed the Inflation Reduction Act of 2022 (IRA) into law. The legislation authorized approximately $79.4 billion in supplemental funding for the Internal Revenue Service (IRS) through September 30, 2031. Approximately $1.4 billion in IRA funding was later rescinded under the Fiscal Responsibility Act of 2023, which reduced the IRS’s supplemental funding to almost $78 billion.
The IRS will use the supplemental funding to improve taxpayer services, update antiquated computer systems, and increase compliance and enforcement actions against high-income taxpayers and large corporations that try to evade taxes. TIGTA will use the $403 million in supplemental funding that it received from the IRA through September 30, 2031, for enhanced oversight of IRS operations.
- Snapshot: The IRS’s Inflation Reduction Act Spending Through June 30, 2023 (Report Number 2024-IE-R002; October 10, 2023)
Inflation Reduction Act: Assessment of Implementation of Processing Year 2023 Tax Provisions (Report Number AC2024-408-004; October 3, 2023)
Inflation Reduction Act: Assessment of a Free and Electronic Direct Filing Tax Return System (Report Number 2024-408-002; October 2, 2023)
- Opportunities Exist to Improve the Audit Selection Process for the Qualified Plug-In Electric Drive Motor Vehicle Credit (Report Number 2023-30-065; September 29, 2023)
- The IRS Needs to Leverage the Most Effective Training for Revenue Agents Examining High-Income Taxpayers (Report Number 2023-30-054; August 31, 2023)
- Actions Are Needed to Address Inaccurate, Incomplete, and Inconsistent Taxpayer Assistance Center Information Provided to Taxpayers (Report Number 2023-IE-R006; July 31, 2023)
- Interim Results of the 2023 Filing Season (Report Number 2023-40-029; May 10, 2023)
- Inflation Reduction Act: Assessment of the Internal Revenue Service Implementation Efforts (Report Number 2023-IE-R003; January 12, 2023)
Major Management and Performance Challenges Facing the IRS (MMC): Outline significant challenges the IRS will face managing transformational change.
IRA Oversight Plan: Outlines out how TIGTA will use IRA resources to provide robust oversight of the IRS’s IRA implementation. With IRA supplemental funding lasting through 2031, TIGTA’s work and reporting will be ongoing. Therefore, this Plan is a living document that will be updated as we continue our oversight efforts.
IRS Inflation Reduction Act Strategic Operating Plan: Outlines how the IRS will use IRA resources to deliver transformational change for taxpayers.