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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Biden and congressional Democrats gave the IRS $80 billion in the 2022 Inflation Reduction Act, but Congress rescinded $20 billion as part of a 2023 budget deal.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.
Over $20 billion meant to strengthen the Internal Revenue Service’s long-term enforcement efforts remains frozen and inaccessible as a result of the legislation President Joe Biden signed Saturday.
Hosted on MSN
2d
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.
MiBolsilloColombia on MSN
7d
IRS announces inflation adjustments for 2025 tax year
The
Internal
Revenue
Service
(IRS) has released its annual
inflation
adjustments for the 2025 tax year, providing ...
9d
on MSN
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.
7h
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 ...
1mon
on MSN
IRS Issues Tax Credit Advice for 2025
Officials have offered advice on how low- and moderate-income taxpayers can save for retirement and potentially earn a tax credit in 2025 or beyond.
7d
on MSN
The IRS is set to lose $20B unless the Biden administration acts — why it could be a problem for all Americans
Although you may not be too sympathetic to the plight of the IRS, the reality is that the loss of these funds is likely to ...
Opinion
Havasu News
23h
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 ...
4d
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 ...
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