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

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

The Internal Revenue Service (IRS) has released its annual inflation adjustments for the 2025 tax year, providing crucial ...

Congress revoked an additional $20 billion from the Internal Revenue Service last week when lawmakers averted a government ...

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 ...

Biden and congressional Democrats gave the IRS $80 billion in the 2022 Inflation Reduction Act, but Congress rescinded $20 ...

The GOP assault on the revenue collecting agency's funding could exacerbate wait times and balloon the deficit.

The IRS is seeking to update its regulations involving an excise tax imposed on sales by manufacturers, producers, or ...

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

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.

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