Treasury Secretary Janet Yellen called Republicans' most recent round of proposed funding cuts to the IRS 'damaging and irresponsible' during an event meant to commemorate new customer service improvements to the agency.
Treasury Secretary Janet Yellen called Republicans' most recent round of proposed funding cuts to the IRS “damaging and irresponsible" during an event meant to commemorate new customer service improvements to the agency.
The $80 billion the agency received last summer through Democrats' Inflation Reduction Act has been vulnerable to cuts, but Yellen and the Treasury Department are trying to keep the focus on what the allotted funds are doing for taxpayers. The IRS had previously been overloaded with paper documents that prevented the agency from processing tax forms at a faster pace.
Under the initiative, most people will be able to submit everything but their tax returns digitally in 2024. As the IRS pilots its new electronic free file tax return system starting in 2024, the agency will be able to process everything, including tax returns, digitally by 2025.
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