The Infrared Imaging Spectrograph (IRIS) is a diffraction-limited instrument designed for the Thirty Meter Telescope (TMT) through an international collaboration. IRIS works in tandem with the Narrow-Field InfraRed Adaptive Optics System (NFIRAOS) and covers a near-infrared spectral range of 0.84 to 2.4 microns. IRIS and NFIRAOS will be the instruments used to demonstrate first light at TMT. IRIS incorporates a wide-field Imager with a fixed plate scale of 4 milliarcseconds (mas), and an Integral Field Spectrograph (IFS) offering four plate scales that range from 4 mas to 50 mas. In 2021, the major subsystems of IRIS went through final design reviews. This paper provides an update on IRIS design and outlines the plan for its fabrication, integration, and delivery to TMT for first light.