Congress stripped IRS of another $20 billion in government shutdown fight
Republican lawmakers have now clawed back half the investment the Biden administration made in the tax agency.
Republicans succeed in clawing back more IRS tax-cheat enforcement funds. For now.
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 ...
Editorial: IRS cuts make Uncle Sam lose money — Reducing the enforcement budget is bad policy
No one loves the Internal Revenue Service, but we need the much-maligned agency having enough resources to make sure that ...
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Republicans Quietly Axed IRS Funding While No One Was Looking
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 ...
IRS Sending 'Special' Stimulus Checks to 1 Million Americans
The IRS said it will issue around $2.4 billion in "special payments" to taxpayers who haven't claimed federal stimulus checks ...
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Section 48 Energy Investment Tax Credit: Final Regulations Released
The U.S. Department of the Treasury (Treasury) and Internal Revenue Service (IRS) have released final regulations for the energy investment tax ...
Illinois lawmakers may consider better pension benefits for government workers
The General Assembly created so-called “Tier 2” pensions in 2010 in hopes of avoiding long-term liabilities, but the benefits ...