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The IRS Debate: Do Budget Cuts Favor the Wealthy or Protect Taxpayers?
The U.S. Internal Revenue Service (IRS) is at the heart of a heated political debate. A Republican proposal aims to ...
A House Appropriations subcommittee has passed legislation that would allocate $9.5 billion to the IRS for fiscal year 2026, ...
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 ...
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Federal tax break on student debt forgiveness set to expire in 2026
The student loan forgiveness tax break ends Dec. 31, 2025, meaning forgiven debt may soon be taxable again. Borrowers on ...
The 2025 tax filing season ran smoothly despite thousands of IRS layoffs, but the 2026 tax filing season could be challenging for the agency. An IRS watchdog reported that more than a quarter of ...
WASHINGTON (AP) — The budget bill championed by President Donald Trump could complicate next year’s tax filing season after the IRS lost one-quarter of its employees through staffing cuts, an ...
KEY TAKEAWAYS The 2025 tax filing season ran smoothly despite thousands of IRS layoffs, but the 2026 tax filing season could be challenging for the agency.An IRS watchdog reported that more than a ...
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