Summary The Internal Revenue Service’s (IRS’s) budget funds various activities that directly and indirectly affect the amounts of revenues it collects. Historically, the IRS’s funding has primarily …

Economists estimate these indirect effects could multiply the revenue impact by 2-3 times. 8 We use the midpoint of 2.5. The main constraint on returns isn't the lack of recoverable taxes, but …

May 15, 2025 · The IRS has received billions in new funding in recent years. You may be surprised to learn how your tax dollars are at work.

Jan 8, 2025 · In FY 2024, the IRS collected revenue of $5.1 trillion on an appropriated budget of $12.3 billion. That translates to a remarkable return on investment of 415:1. Paradoxically, the …

Without that discretionary funding in place, the IRS will not be able to fully deliver on the promises of the IRA, jeopardizing the legislation’s net deficit reduction impact.

Dec 7, 2023 · Here we examine that increase in funding in greater detail by analyzing the extent to which more funding impacts tax compliance, the tax gap, and federal revenues. What Is the …

Feb 7, 2024 · A fully funded IRS would bring in twice as much money as they previously thought, a Treasury report finds.

Dec 3, 2024 · The IRS has long operated with limited resources. The Inflation Reduction Act, signed into law in 2022, boosted tax revenue through increased enforcement efforts and by …

Jan 16, 2025 · The IRS recently lost another $20 billion in funds allocated for key enforcement programs, and the consequences could be felt by taxpayers as soon as this year.

Jan 8, 2025 · The IRS provides an enormous return on investment for taxpayers and requires sustained funding to continue to improve, the national taxpayer advocate (NTA) said …