IRS launches new online sign-up for advance child tax credits

The IRS has around 90,000 employees across the U.S. It's unclear how the layoffs, which largely affect employees in compliance departments, may affect tax collection services.

State lawmakers have passed and expanded tax credits aimed at making child care affordable. But business groups say more is needed to address a provider shortage.

“This is our moment in history to transform the IRS,” said Daniel Werfel, who was ceremoniously sworn into his new role at the IRS headquarters, Tuesday.