The U.S. Secretary of Treasury and the IRS Commissioner made remarks at the IRS campus in Austin, Texas, to announce new initiatives under the Inflation Reduction Act that will ensure wealthy individuals pay their taxes, enhance taxpayer service through the Digital First Initiative and modernize essential technology. Approximately $1.1 billion have been recovered because of the nearly 80% of 1,600 millionaires having paid their outstanding tax debt. This is an additional $100 million just since July, when Treasury and IRS announced reaching the $1 billion milestone.
Through the Digital First Initiative, the IRS is pursuing a vision where taxpayers can do all their transactions with the IRS digitally if they prefer. Thanks to Inflation Reduction Act resources, the IRS has launched more digital tools to provide improved digital experience for taxpayers:
- More than two dozen new features and enhancements to Individual and Tax Professional Online Account;
- The launch of Business Tax Account;
- The release of 30 digital mobile-adaptive forms;
- The ability for taxpayers to receive their refund status via a conversational hotline;
- A mobile-friendly web tool for Where’s My Refund; and
Direct File, a new tool that allows taxpayers to file for free, directly with the IRS