Inflation Reduction Act 2024 Update. The irs will use the money to improve taxpayer services, update antiquated computer systems, and. State and city lawmakers spoke about the government.

The inflation reduction act (ira) gave supplemental funding for the internal revenue service (irs) through september 30, 2031. The fed cut its policy rate by half a percentage point in september after a sharp slowdown in job growth and a rise in the unemployment rate raised concerns about a potential.