IRS, tax

IRS recovers $4.7 billion in taxes from scofflaws. But it's bracing for funding cuts under Trump
IRS leadership on Thursday announced that the agency has recovered $4.7 billion in back taxes and proceeds from a variety of crimes.
IRS says it has recovered $4.7 billion in unpaid taxes. Republicans want to cut enforcement funding.
Recovered funds include $1.3 billion from high-income taxpayers who did not pay overdue debts, $2.9 billion related to IRS criminal investigations and $475 million in proceeds from criminal and civil cases that stemmed from whistleblower information.
IRS recovers $4.7 billion in back taxes
The IRS announced the recovery of $4.7 billion in back taxes and proceeds from various crimes since receiving increased funding through legislation in 2022.
Democrats fear more IRS cuts in funding fight with GOP
The White House and congressional Democrats are fighting to protect $20 billion in funds for the IRS as the tax collection agency faces significant changes next year. As bipartisan funding talks
Trump Tax Cuts May Fail to Drive Much, If Any, Economic Gain
President-elect Donald Trump says renewing tax cuts would turbo-charge investment and boost US economic growth — a pledge that helped propel him to election victory in November.
IRS recovers $4.7 billion in back taxes, braces for cuts under Trump and GOP majority
The collections included $1.3 billion from high-income taxpayers who did not pay overdue tax debts and $2.9 billion related to IRS Criminal Investigation work into crimes like drug trafficking and terrorist financing.
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IRS Urges Many Retirees to Make Required Withdrawals from Retirement Plans by Year-End Deadline
December 16, 2024 - WASHINGTON — The Internal Revenue Service reminds those aged 73 and older of the deadline to take ...
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Opinion | House Republicans wants Trump to make the IRS less helpful to taxpayers
In May, the IRS said the program would be expanded and made permanent. But of course, there are Republicans who would like ...
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Looming cuts threaten IRS plans to keep growing workforce and crack down on tax evasion
IRS Commissioner Danny Werfel says another $20 billion cut to the IRS’ budget would limit its ability to keep hiring.
Heads up if you’re a freelancer or small business owner: The IRS may need something new from you
Heads up to anyone who is a freelancer, independent contractor, business owner, property renter or just a hobbyist who ...
IRS data shows ‘Blue State Exodus’ over past 30 years
Millions of residents in blue states have migrated to red states within the past 30 years, according to federal data.
IRS unveils new income tax brackets and deductions for 2025
The IRS has announced key tax changes for 2025 due to inflation, including adjustments to income tax brackets, deductions, ...
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29 House Republicans want Trump to scrap the IRS's free direct tax-filing tool on day one of his presidency
The IRS has gradually rolled out a program to allow Americans to directly file taxes with the IRS. It's designed to make ...
Musk's charitable foundation falls short of IRS standard for donations: NYT
There is new reporting that Elon Musk's charitable foundation fell $421 million short of the amount required to give away in ...
Elon Musk’s worst suggestion so far: ‘Delete’ the IRS?
Elon Musk recently polled his X followers with a simple question: Should the IRS’s funding be increased, the same, decreased ...