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IRS BUDGET CUTS
Waiting on your tax refund? These states are seeing the biggest delaysTax refund delays 2026: Taxpayers are experiencing longer wait times for refunds this year due to new federal tax breaks and states' varyin...07 Mar, 2026, 06.57 PM IST- IRS refund delays could hit millions as government Shutdown threatens 2026 tax season - here's everything you need to knowIRS refund delays 2026: Americans filing taxes this year face potential delays as the IRS braces for a possible government shutdown. Fundin...31 Jan, 2026, 12.02 AM IST
- IRS tax refund June 2025: Is your IRS tax refund coming this June? Here’s how much you could get, who’s eligible, and why e-filers will see cash fasterIRS tax refund June 2025 is the hot topic right now as millions of Americans eagerly await their refund checks. If you’ve already filed you...02 Jun, 2025, 08.33 PM IST
- $163-billion US budget cut plan: Education, housing to be hitDonald Trump's administration plans significant federal budget changes. The proposal includes a $163 billion cut, impacting education and h...03 May, 2025, 12.44 AM IST
- Elon Musk’s DOGE claims $160 billion in savings, but new report warns it could end up costing taxpayers $135 billion insteadElon Musk's DOGE faces criticism. Analysis suggests its cost-cutting measures may burden taxpayers. A study reveals unforeseen effects of D...28 Apr, 2025, 09.17 PM IST
- IRS loses nearly 40% of its billionaire audit team as Donald Trump and Elon Musk push for deep cuts, America’s wealthiest celebrateThe IRS’s Global High Wealth unit, tasked with auditing the wealthiest Americans, has seen a 38% loss in staff this year, resulting in stal...31 Mar, 2025, 06.34 PM IST
- Massive taxpayer exodus in the U.S? IRS braces for huge $500 billion revenue hit after DOGE cuts spark taxpayer revoltThe IRS is predicted to see a $500 billion shortfall in revenue as many taxpayers might not file taxes. This is influenced by staff cuts an...24 Mar, 2025, 05.45 PM IST
- US IRS pauses modernisation investments to evaluate AI technologyThe agency will review a number of technology modernisation initiatives that have been taken in recent years, including the new Direct File...14 Mar, 2025, 11.22 PM IST
- Skipping your tax return due to IRS cutbacks? Here’s why that could cost you big timeSkipping Your Tax Return due to IRS cutbacks? Think again. As the IRS faces budget cuts and layoffs, some taxpayers believe they can avoid ...28 Feb, 2025, 05.47 PM IST
- Trump purge: In the middle of season as millions file taxes, IRS fires 6,700 employees, mainly auditors dealing with tax compliance issues, and faces massive backlashIRS has laid off 6,700 employees, with over 5,000 auditors and collection staff let go. This decision, coming in the middle of the tax seas...22 Feb, 2025, 07.48 PM IST
- Trump has a $700 billion plan to abolish income tax and replace IRSThe Trump administration aims to abolish the IRS and replace it with a tariffs-based revenue system, potentially generating $700 billion an...21 Feb, 2025, 12.14 PM IST
- IRS to cut 7,000 jobs as Donald Trump administration pushes federal downsizingThe Internal Revenue Service (IRS) is set to lay off around 7,000 employees across the US as part of the Donald Trump administration’s effo...21 Feb, 2025, 12.23 AM IST
- DOGE Federal Budget Overhaul: Musk and Ramaswamy’s $2 Trillion Plan to Transform Government SpendingElon Musk and Vivek Ramaswamy, now leading the Department of Government Efficiency (DOGE), have unveiled a sweeping plan to slash $2 trilli...30 Dec, 2024, 03.32 AM IST
- Joe Biden calls for higher taxes on corporations and the wealthyPresident Biden's budget aims to cut deficits by $3 trillion through tax increases. It proposes $5 trillion in additional taxes on corporat...12 Mar, 2024, 09.16 AM IST
- Huge boost for self employed as major Tax reform announced by Kwasi Kwarteng in mini Budget. Details hereChancellor of the Exchequer Kwasi Kwarteng has reversed the decision to increase the National Insurance rate by 1.25 per cent and also slas...23 Sep, 2022, 08.20 PM IST
- US Internal Revenue Service has millions of unfiled tax returns, pays billions in interest to those waitingThe IRS currently pays 4% interest to pending individual filers; interest payments totalled $3.3 billion last fiscal year.09 May, 2022, 09.00 PM IST
- Fare Play: Keeping track of railways booksFreight Operations – Outside the budget announcement of “no change in freight rates” IR revises certain rates and rationalises the freight ...30 Jun, 2009, 02.48 AM IST
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