Topic
internal revenue service
8 stories related to this topic, newest first.
abcnews.go.comworld24 days ago
IRS Granted Authority to Hire 8,000 Employees Through September
The Internal Revenue Service received expedited hiring approval for 8,000 positions after losing roughly 27 percent of its workforce in 2025. The Office of Personnel Management confirmed the direct-hire authority runs through September.
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Forbespolitics52 days ago
Trump and IRS Prepare to Settle $10 Billion Tax Returns Lawsuit
President Trump and the Internal Revenue Service are preparing to settle a $10 billion lawsuit filed in January over the disclosure of his tax returns. The settlement would create a $1.7 billion fund to compensate people who claim they were victims of the prior administration's w…
alternet.orgpolitics53 days ago
Trump Expected to Drop $10 Billion IRS Lawsuit for $1.7 Billion Compensation Fund
President Trump is expected to drop his $10 billion lawsuit against the Internal Revenue Service as part of a settlement that includes creation of a $1.7 billion fund. The fund would compensate individuals who claim they were wrongfully targeted by the former Biden administration…
Substrate placeholder — needs reviewworld75 days ago
IRS Staffing Declined 27% in 2025 with Further Cuts Proposed
The Internal Revenue Service experienced a significant reduction in staffing levels during 2025. A new budget proposal seeks additional position eliminations. This would result in the agency's lowest staffing in the modern era.
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Substrate placeholder — needs reviewfinance84 days ago
U.S. Treasury and IRS Release Guidance on No Tax on Tips Deduction for Workers
The U.S. Department of the Treasury and Internal Revenue Service released guidance on Friday for the 'no tax on tips' provision, detailing qualifying occupations and tips. The deduction applies to federal income tax for tax years 2025 through 2028, with limits up to $25,000. An e…
Substrate placeholder — needs reviewpolitics86 days ago
IRS Relies on Outdated Technology Affecting Tax Processing
The Internal Revenue Service uses infrastructure including outdated technology and paper-based workflows. These systems slow processing times and delay refunds. Small businesses face operational challenges due to these delays.
Substrate placeholder — needs reviewfinance87 days ago
IRS Data Shows Average Tax Refund 11% Higher This Season Compared to 2023
The Internal Revenue Service reports that the average tax refund for the current filing season stands at about 11% higher than during the same period in 2023. This figure is based on data from tax returns processed so far. The increase reflects adjustments in tax policies and wit…
Substrate placeholder — needs reviewfinance91 days ago
IRS Reports Average Tax Refund of $3,521 as of March 27, Up $351 from Prior Year
The Internal Revenue Service reported that the average tax refund for individual filers reached $3,521 as of March 27, an increase of $351 from $3,170 at a similar point last year. This data covers 88.4 million returns out of an expected 164 million by the April 15 deadline.