IRS Spent $5.7 Billion in Tax-and-Climate Law Cash, Report Shows

The IRS has spent 10%, or $5.7 billion, of its supplemental funding from the Democrats’ 2022 tax-and-climate law, with employee compensation still receiving the most, the Treasury Inspector General for Tax Administration said in its quarterly report.

Nearly $2.5 billion has been spent on IRS employee pay and benefits, with about an additional $2 billion going toward contractor advisory and assistance services, according to the report released Tuesday.

The TIGTA report is a look at how the IRS has spent its $57.8 billion from the tax-and-climate law funds as of March 31. Previously, the IRS had spent ...