The IRS has lost $20 billion in funding as part of Congress' bid to stop the government shutdown, crippling its ability to go ...

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

Donald Trump's election with Republican majorities in Congress likely means less funding for tax enforcement. That will hurt ...

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

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

Biden and congressional Democrats gave the IRS $80 billion in the 2022 Inflation Reduction Act, but Congress rescinded $20 ...

The battle over enhanced funding for the IRS took a new twist in December as Republican lawmakers set up another $20 billion ...

The marginal rates for tax year 2025 are as follows: In 2026, for the tax year 2025, the standard deduction will get a $400 ...

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

WASHINGTON -- Congress stripped the IRS of an additional $20 billion last week when averting the government shutdown. Originally, congressional Democrats had given the IRS $80 billion in the 2022 ...

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 ...

Congressional Democrats had hoped to preserve the IRS’s resources during innumerable rounds of negotiations around the government shutdown, Rep. Rosa DeLauro (Connecticut), the top Democrat on ...