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@forbes
How did the #IRS spend $79.5 billion in supplemental funding allocated by Congress as part of the Inflation Reduction Act of 2022 (#IRA)? Here’s a hint: It didn’t. #Congress took back big chunks of the IRS funding, leaving less than half of the original funding in place. A recent Treasury Inspector General for Tax Administration report took a look at how the remaining money has been spent as of March 31, 2025—and how much money was allocated as part of the IRS normal appropriations. See what it found at the link in our bio. (Photo: J. David Ake via Getty Images)

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