News

The Republican-led House Appropriations Subcommittee proposes a significant cut to the IRS budget, sparking a heated debate ...
National Taxpayer Advocate rings warning bell about how much the IRS will be prepared for 2026 tax season, given job cuts and tax changes.
The IRS streamlines business tax audits with new rules that phase out slow processes and expand settlement options, starting ...
A House Appropriations subcommittee has passed legislation that would allocate $9.5 billion to the IRS for fiscal year 2026, ...
The student loan forgiveness tax break ends Dec. 31, 2025, meaning forgiven debt may soon be taxable again. Borrowers on ...
The IRS currently has some 90,000 workers, and cuts to the agency would include a mixture of incentivized buyouts, attrition and layoffs. Some 7,000 probationary IRS employees were let go on ...
The IRS released the warning to taxpayers as it observed National Tax Security Awareness Week in concert with its Security Summit partners. The Security Summit includes 42 state tax agencies as ...
The Trump administration’s 2025 cost-cutting campaign at the IRS was all too successful, according to an internal watchdog report. As a result, the agency may struggle through the 2026 tax ...
IRS Tax Refunds Warning Issued Over Cuts: ‘Profound Effects’ Photo-illustration by Newsweek/Getty What To Know. The joint letter, signed by 130 Democratic lawmakers, has denounced the planned ...