Biden and congressional Democrats gave the IRS $80 billion in the 2022 Inflation Reduction Act, but Congress rescinded $20 billion as part of a 2023 budget deal.

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

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

The fantasy that some political actors painted of armed IRS agents going door-to-door clawing away families’ hard-earned cash obviously never materialized, yet Republicans are coming after the

Amid the chaos of the shutdown fight, Republicans snuck in a passage to gut funding for the IRS. And Democrats didn’t catch it.

The Internal Revenue Service (IRS) has released its annual inflation adjustments for the 2025 tax year, providing crucial updates that will affect taxpayers when they file their returns in 2026. These adjustments, detailed in the Tax Procedure 2024-40 ...

The Internal Revenue Service announces inflation adjustments that impact tax brackets. Here's what you need to know.

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

The IRS said it will issue around $2.4 billion in "special payments" to taxpayers who haven't claimed federal stimulus checks.

The U.S. Treasury Department and the Internal Revenue Service (“IRS”) published final regulations on December 4, 2024, defining “energy property”

Extra money for tax compliance, with a goal of carrying out more audits of high-earning households and big businesses, has been the subject of a back-and-forth among lawmakers since 2022, when the IRS was allocated additional funding through the Inflation Reduction Act.

When the IRS starts asking for money, many Americans get nervous. This time, though, the Internal Revenue Service isn’t trying to collect additional funds from taxpayers. Instead, Treasury Officials are asking Congress to provide access to $20 billion in funding that was lost due to an error in legislative language.