IRS audit revenue plunged following workforce reductions, watchdog finds
IRS audits collected $3.5 billion less in fiscal 2025 as the agency shed thousands of auditors and other agency staffers.
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IRS audits collected $3.5 billion less in fiscal 2025 as the agency shed thousands of auditors and other agency staffers.
The GOP tax and spending bill creates a tax deduction for workers in tipped occupations. Here's what to know.
New deduction allows taxpayers to deduct up to $10,000 on interest they paid to buy a new American-made vehicle in 2025.
The IRS started accepting tax returns on Jan. 26. Here's everything you need to know about getting your tax refund.
The IRS is increasing the contribution limits for retirement accounts in 2026, boosting the top threshold to account for inflation.
Many IRS workers are furloughed due to the government shutdown, but taxpayers are still required to file their extensions this week.
The IRS on Thursday announced adjustments to the federal income tax brackets and standard deductions for 2026.
A retired IRS agent from Southern California has been sentenced to state prison after she was convicted of defrauding an elderly San Francisco Bay Area woman out of $1 million in life savings.
Gary Shapley — who became famous after speaking out about alleged political influence in the Hunter Biden tax probe — is out as IRS director after just two days, following an internal struggle involving Elon Musk.
Filing a tax extension is easy. But it's important to know what you're getting into, including what to do if you owe money to the IRS.
Many undocumented immigrants who live in the U.S. do pay taxes, which means they report earnings to the IRS.
The IRS has agreed to share immigrants' tax data with ICE for to help authorities identify and deport undocumented immigrants.
Most eligible taxpayers have already received their 2021 Recovery Rebate Credit payment, but there's still time to file a claim.
IRS data shows that the average refund check so far is about $2,200, or $1,000 less than a year earlier. Here's what experts say.
The employees who will be affected — in a single division of the IRS — are expected to be notified Thursday that they've been fired.
Some Democratic lawmakers are raising concerns about the security of taxpayer data as Musk's cost-cutting task force moves to the IRS.
With tax season underway, here's what you need to know about tracking your tax refund and your new 2025 tax brackets.
The new tax season is here. Read on to learn when you can file your 2024 tax return and get your refund.
Millions of taxpayers continue to struggle with delays in refunds from the IRS, a new tax advocate report says.
2025 contribution limit for 401(k) plans is $23,500, up from $23,000 in 2024. IRA contribution limit remains $7,000.
The IRS adjusts its tax brackets and other provisions each year for inflation. Here's what experts say to expect in 2025.
The Internal Revenue Service plans to end another major tax loophole that could raise more than $50 billion in revenue over the next decade.
IRS whistleblowers Gary Shapley and Joseph Ziegler are also asking to intervene in the case, arguing the IRS has a conflict of interest in the matter.
If you're one of the millions of taxpayers who delay their taxes, it's easy to get an extension to October 15.
The U.S. tax system is designed to be progressive, with rich people paying a larger share of their income to the IRS. Here's what to know.
