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Congress stripped IRS of another $20 billion in government shutdown fight
Congress revoked an additional $20 billion from the Internal Revenue Service last week when lawmakers averted a government shutdown, a cut that may undo many of President Joe Biden’s efforts to improve customer service at the tax agency and train fresh scrutiny on wealthy tax cheats.
Republicans strip IRS of another $20b in government shutdown fight
Biden and congressional Democrats gave the IRS $80 billion in the 2022 Inflation Reduction Act, but Congress rescinded $20 billion as part of a 2023 budget deal.
Opinion
Republicans Quietly Axed IRS Funding Amid Government Shutdown Chaos
As Congress fought over the spending bill, Republicans snuck in a passage to gut funding for the IRS. And Democrats didn’t catch it.
Republicans succeed in clawing back more IRS tax-cheat enforcement funds. For now.
The IRS estimates there will be 8,000 fewer audits of wealthy taxpayers and businesses though 2029 without the sidelined $20.2 billion.
Republicans quietly cut IRS funding by $20 billion in bill to avert government shutdown
The GOP assault on the revenue collecting agency's funding could exacerbate wait times and balloon the deficit
Hosted on MSN
4d
IRS announces key tax adjustments for 2025
The IRS has unveiled its annual inflation adjustments for the 2025 fiscal year, impacting over 60 tax provisions.
USA TODAY on MSN
10d
What are the tax brackets for tax years 2024 and 2025? What to know ahead of filing season
The Internal Revenue Service announces inflation adjustments that impact tax brackets. Here's what you need to know.
1d
on MSN
IRS Sending 'Special' Stimulus Checks to 1 Million Americans
The IRS said it will issue around $2.4 billion in "special payments" to taxpayers who haven't claimed federal stimulus checks ...
Hosted on MSN
18h
Understanding the $3,200 stimulus check amid rising inflation
As inflation continues to strain household budgets across the United States, several states are stepping up with financial ...
1d
Other voices: Reducing the IRS enforcement budget is bad policy
The fantasy that some political actors painted of armed IRS agents going door-to-door clawing away families’ hard-earned cash ...
Blavity on MSN
11d
2024 Tax Brackets And More Things To Know About The Upcoming Season
With the holidays right around the corner, it’s a hard pill to swallow that tax season is also coming up. Inflation has ...
Opinion
Havasu News
2d
Opinion
New York Daily News: IRS cuts make Uncle Sam lose money — Reducing the enforcement budget is bad policy
No one loves the Internal Revenue Service, but we need the much-maligned agency having enough resources to make sure that everyone pays their fair share of taxes to support Uncle ...
Opinion
Hosted on MSN
17h
Opinion
Trump’s expiring 2017 tax cuts made income inequality worse and especially hurt Black Americans: study
The Tax Cuts and Jobs Act, a set of tax cuts Donald Trump signed into law during his first term as president, will expire on ...
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