The U.S. Internal Revenue Service plans to hire nearly 30,000 new employees and deploy new technology over the next two years as it ramps up an $80 billion investment plan to improve tax enforcement and customer service, it said on Thursday .
, said it will obligate about $8.64 billion of the new funding during the 2023 and 2024 fiscal years, and that 8,782 of the new hires during those years will be enforcement staff.
But a significant portion of these new hires will replace the nearly 12,000 IRS employees expected to retire over the next two years -- including more than 4,700 enforcement staff, a U.S. Treasury official said. The Congressional Budget Office has estimated that the new funding will generate about $204 billion in new revenue during the next decade -- funds that helped pay for the Inflation Reduction Act investments. The Treasury has used estimates as high as $400 billion over the decade, with higher collections beyond the 10-year budget window.
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