To avoid a government shutdown, the IRS lost out on $20 billion in funding, limiting its ability to track down tax dodgers.

Republicans have long targeted the tax agency, and their cuts will hurt its efforts to go after rich tax evaders and improve the IRS’s functionality. It’s their second successful cut from President ...

When you file your 2024 and 2025 taxes, the IRS says they've increased your standard deductions to bring some inflation relief.

This is exactly what good government initiatives and policies ought to be like, so let’s not be too surprised when Trump and ...

Biden and congressional Democrats gave the IRS $80 billion in the 2022 Inflation Reduction Act, but Congress rescinded $20 ...

The fantasy that some political actors painted of armed IRS agents going door-to-door clawing away families’ hard-earned cash ...

As Congress fought over the spending bill, Republicans snuck in a passage to gut funding for the IRS. And Democrats didn’t ...

The IRS said it will issue around $2.4 billion in "special payments" to taxpayers who haven't claimed federal stimulus checks ...

The IRS estimates there will be 8,000 fewer audits of wealthy taxpayers and businesses though 2029 without the sidelined $20.2 billion.

For a brief moment, the IRS had the full breadth of resources it needed to investigate wealthy tax cheats, courtesy of President Joe Biden’s Inflation Reduction Act. Now, most of this funding, ...

Republican lawmakers have now clawed back half the investment the Biden administration made in the tax agency.

The IRS has unveiled its annual inflation adjustments for the 2025 fiscal year, impacting over 60 tax provisions.