The Latest Breaking News from IRS

The grant, contract and budget cuts in federal agencies, along with the crippling reductions of tens of thousands of government jobs, will “in all probability” end up increasing (by a lot), rather than decreasing the nation’s deficit, which has been the stated intent, notes a new report.

With technology and AI increasingly used to perpetrate illegal acts, the IRS’ crime fighting arm is announcing a new program intended to improve how it interacts with financial institutions

Ask the Editor: Taxes, March 28, 2025 — Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on filing tax returns and paying taxes.

For years, many immigrants have filed taxes in hopes of gaining legal status. Now “it’s increasingly looking like that act of hope will be used against them,” said one expert.