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The IRS reported spending about $2.8 billion in FY 2020 on its IT systems for collecting taxes, distributing refunds, and more.
According to the IRS, the five IT systems in our review met most of the performance goals it had set for FYs 2019 and 2020.
The IRS relies extensively on IT systems to collect more than $3 trillion in taxes and distribute over $400 billion in refunds annually. In FY 2020, the IRS expects to spend approximately $3.2 billion on IT investments.