The IRS could be on the verge of changing the way Americans file their taxes

The IRS could be on the cusp of revolutionizing the way that Americans file their taxes.

The Inflation Reduction Act signed into law by President Biden on Tuesday provided $80 billion in funding for the agency, including $15 million to deliver a report on a free, government-run tax e-filing system that tax simplification advocates have long argued for.

But the agency is on a tight deadline to deliver.