Trump Administration Saves $1.5 Billion in IRS Tech Budget: Exclusive Update
2025-03-21
USA TODAY
In a significant move, the Trump administration has announced a major overhaul of the Internal Revenue Service's technology modernization program, resulting in a whopping $1.5 billion in savings. According to a top tech startup executive, contracts worth approximately $1.5 billion have been canceled from the tax agency's budget, marking a substantial reduction in unnecessary expenditures. This development is expected to have a major impact on the US tax system, with potential benefits for taxpayers and the economy. With the help of modern technology and digital transformation, the IRS aims to improve efficiency and reduce costs. Key areas of focus include tax revenue management and IT infrastructure.
