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

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

Biden and congressional Democrats gave the IRS $80 billion in the 2022 Inflation Reduction Act, but Congress rescinded $20 ...

During last week’s negotiations to avert a government shutdown, Congress quietly slashed $20 billion from the Internal Revenue Service. Republicans have long targeted the tax agency, and their cuts ...

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, ...

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