Federal Register / Vol. 88, No. 240 / Friday, December 15, 2023 / Notices 87057 

documentation to substantiate elements 

of an application, which may include 

letters of commitment for proposed 

matching funds and letters from other 

jurisdictions demonstrating a plan to 

coordinate on a regional approach, as 

applicable. Treasury will collect 

application information from eligible 

jurisdictions through an online portal. 

• SSBCI Investing in America SBOP 

Reports. Treasury must collect financial 

and performance reports consistent with 

2 CFR 200.328 and 329 in order for 

Treasury to determine compliance with 

the SSBCI statute, regulations, and 

guidance and to evaluate program 

outcomes. The financial and 

performance reports must include 

information about the applicant’s 

progress in implementing its project and 

details on its use of program funds. 

Treasury anticipates publishing 

reporting guidance for the SSBCI 

Investing in America SBOP that is 

anticipated to be generally consistent 

with the reporting guidance for the 

formula-based TA Grant Program, which 

may be found on Treasury’s website at 

https://home.treasury.gov/system/files/ 

136/SSBCI-Technical-AssistanceReporting-Guidance.pdf, with potential 

new or modified data elements specific 

to this program. Treasury will clearly 

specify all reporting requirements 

specific to the SSBCI Investing in 

America SBOP. All reports must be 

submitted in electronic format as 

specified in the terms and conditions of 

the award. 

Treasury is updating the burden 

estimate for OMB Control Number 

1505–0227 to account for applications 

and reports under the SSBCI Investing 

in America SBOP. 

Form: SSBCI Investing in America 

SBOP Application and reporting forms, 

through an online Treasury portal 

annual report forms. 

Affected Public: States, the District of 

Columbia, territories, and Tribal 

governments, small businesses. 

Estimated Number of Respondents: 

For application submission: 100; for 

reporting: 15. 

Frequency of Response: For 

application submission: one time; for 

grant award modifications: one time; for 

reporting: annually and semiannually. 

Estimated Total Number of Annual 

Responses: The current estimate for 

OMB Control Number 1505–0227 is 

112,376. Treasury estimates the SSBCI 

Investing in America SBOP will 

increase this estimate by 6,115 to 

118,491. 

Estimated Time per Response: For the 

SSBCI Investing in America SBOP, 

depending on the type of collection 

Treasury estimates that responses will 

take 9 minutes up to 6 hours. 

Estimated Total Annual Burden 

Hours: The current estimate for OMB 

Control Number 1505–0227 is 24,877. 

Treasury estimates the SSBCI Investing 

in America SBOP will increase this 

estimate by 1,530 hours to 26,407. 

Request for Comments: Comments 

submitted in response to this notice will 

be summarized and included in the 

request for OMB approval. All 

comments will become a matter of 

public record. Comments are invited on: 

(a) whether the collection of information 

is necessary for the proper performance 

of the functions of the agency, including 

whether the information shall have 

practical utility; (b) the accuracy of the 

agency’s estimate of the burden of the 

collection of information; (c) ways to 

enhance the quality, utility, and clarity 

of the information to be collected; (d) 

ways to minimize the burden of the 

collection of information on 

respondents, including through the use 

of technology; and (e) estimates of 

capital or start-up costs and costs of 

operation, maintenance, and purchase 

of services required to provide 

information. 

Authority: 44 U.S.C. 3501 et seq. 

Jeffrey Stout, 

Director, SSBCI. 

[FR Doc. 2023–27535 Filed 12–14–23; 8:45 am] 

BILLING CODE 4810–AK–P 

DEPARTMENT OF THE TREASURY 

Agency Information Collection 

Activities; Submission for OMB 

Review; Comment Request; U.S. 

Income Tax Return for Individual 

Taxpayers 

AGENCY: Departmental Offices, U.S. 

Department of the Treasury. 

ACTION: Notice of Information 

Collection; request for comment. 

SUMMARY: The Internal Revenue Service, 

as part of its continuing effort to reduce 

paperwork and respondent burden, 

invites the public and other Federal 

agencies to take this opportunity to 

comment on proposed and/or 

continuing information collections, as 

required by the Paperwork Reduction 

Act of 1995. Currently, the IRS is 

soliciting comments concerning the 

burden associated with the U.S. Income 

Tax Return Forms for Individual 

Taxpayers. 

DATES: Comments should be received on 

or before January 16, 2024 to be assured 

of consideration. 

ADDRESSES: Written comments and 

recommendations for the proposed 

information collection should be sent 

within 30 days of publication of this 

notice to www.reginfo.gov/public/do/ 

PRAMain. Find this particular 

information collection by selecting 

‘‘Currently under 30-day Review—Open 

for Public Comments’’ or by using the 

search function. 

FOR FURTHER INFORMATION CONTACT: 

Copies of the submissions may be 

obtained from Melody Braswell by 

emailing PRA@treasury.gov, calling 

(202) 622–1035, or viewing the entire 

information collection request at 

www.reginfo.gov. 

SUPPLEMENTARY INFORMATION: 

Internal Revenue Service (IRS) 

Title: U.S. Income Tax Return for 

Individual Taxpayers. 

OMB Number: 1545–0074. 

Form Number: Form 1040 and 

affiliated return forms. 

Abstract: IRC sections 6011 & 6012 of 

the Internal Revenue Code require 

individuals to prepare and file income 

tax returns annually. These forms and 

related schedules are used by 

individuals to report their income 

subject to tax and compute their correct 

tax liability. This information collection 

request (ICR) covers the actual reporting 

burden associated with preparing and 

submitting the prescribed return forms, 

by individuals required to file Form 

1040 and any of its affiliated forms as 

explained in the attached table. 

Current Actions: There have also been 

changes in regulatory guidance related 

to various forms approved under this 

approval package during the past year. 

There have been additions and removals 

of forms included in this approval 

package. In filing season 2024, the 

Internal Revenue Service (IRS) will 

launch a pilot program for a free direct 

e-file tax return system (Direct File). 

This limited-scale pilot will allow the 

IRS to evaluate the costs, benefits, and 

operational challenges associated with 

providing such an optional service to 

taxpayers. 

This approval package is being 

submitted for renewal purposes only. 

Type of Review: Revision of a 

currently approved collection. 

Affected Public: Individuals or 

Households, Farms. 

Estimated Number of Respondents: 

171,800,000. 

Estimated Time per Respondent 

(Hours): 13. 

Estimated Total Annual Time (Hours): 

2,249,000,000. 

Estimated Total Annual Monetized 

Time ($): 46,342,000,000. 


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87058 Federal Register / Vol. 88, No. 240 / Friday, December 15, 2023 / Notices 

Estimated Total Out-of-Pockets Costs 

($): 45,365,000,000. 

Estimated Total Monetized Burden 

($): 91,707,000,000. 

Note: Total Monetized Burden = Total Outof-Pocket Costs + Total Annual Monetized 

Time. 

ESTIMATED AVERAGE TAXPAYER BURDEN FOR INDIVIDUALS FILING A 1040 BY ACTIVITY

Primary form filed or type of taxpayer Time burden Money burden 

Percentage of 

returns 

(%) 

Average time burden 

(hours) * 

Average cost 

(dollars) 

Total monetized burden 

(dollars) Total time Record 

keeping Tax planning 

Form 

completion 

and 

submission 

All other 

All Taxpayers .................... 100% 13 6 2 4 1 $270 $540 

Type of Taxpayer 

Nonbusiness ** .................. 72% 9 3 1 3 1 150 310 

Business *** ....................... 28 24 12 4 6 2 560 1,120 

Note: Detail may not add to total due to rounding. Dollars rounded to the nearest $10. 

*A ‘‘business’’ filer files one or more of the following with Form 1040: Schedule C, C–EZ, E, F, Form 2106, or 2106–EZ. A ‘‘nonbusiness’’ filer does not file any of 

these schedules or forms with Form 1040. 

Source: RAAS:KDA (11–2–2023) 

TAXPAYER BURDEN STATISTICS BY TOTAL POSITIVE INCOME QUINTILE

Average time 

(hours) 

Average out-ofpocket costs Average total 

monetized burden 

All Filers 

Total positive income quintiles 

0 to 20 ................................................................................................................ 7.8 80 $146 

20 to 40 .............................................................................................................. 10.9 128 242 

40 to 60 .............................................................................................................. 11.6 165 327 

60 to 80 .............................................................................................................. 13.1 232 480 

80 to 100 ............................................................................................................ 22.7 726 1,497 

Wage and Investment Filers 

Total Income Quintiles: 

0 to 20 ................................................................................................................ 6.9 71 129 

20 to 40 .............................................................................................................. 9.3 112 212 

40 to 60 .............................................................................................................. 9.0 139 277 

60 to 80 .............................................................................................................. 9.1 185 384 

80 to 100 ............................................................................................................ 10.8 322 737 

Self Employed Filers 

Total Income Quintiles 

0 to 20 ................................................................................................................ 11.9 125 225 

20 to 40 .............................................................................................................. 18.5 204 379 

40 to 60 .............................................................................................................. 21.0 258 507 

60 to 80 .............................................................................................................. 22.0 338 697 

80 to 100 ............................................................................................................ 33.1 1,077 2,155 

Source: RAAS:KDA (12–1–2023) 

(Authority: 44 U.S.C. 3501 et seq.) 

Melody Braswell, 

Treasury PRA Clearance Officer. 

[FR Doc. 2023–27645 Filed 12–14–23; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Agency Information Collection 

Activities; Submission for OMB 

Review; Comment Request; 

Coronavirus Capital Projects Fund 

AGENCY: Departmental Offices, U.S. 

Department of the Treasury. 

ACTION: Notice of information collection; 

request for comment. 

SUMMARY: The Department of the 

Treasury will submit the following 

information collection requests to the 

Office of Management and Budget 

(OMB) for review and clearance in 

accordance with the Paperwork 

Reduction Act of 1995, on or after the 

date of publication of this notice. The 

public is invited to submit comments on 

these requests. 

DATES: Comments should be received on 

or before January 16, 2024 to be assured 

of consideration. 

ADDRESSES: Written comments and 

recommendations for the proposed 

information collection should be sent 

within 30 days of publication of this 

notice to www.reginfo.gov/public/do/ 

PRAMain. Find this particular 

information collection by selecting 

‘‘Currently under 30-day Review—Open 

for Public Comments’’ or by using the 

search function. 

FOR FURTHER INFORMATION CONTACT: 

Copies of the submissions may be 

obtained from Spencer W. Clark by 

emailing PRA@treasury.gov, calling 

(202) 927–5331, or viewing the entire 

information collection request at 

www.reginfo.gov. 


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