Taxes November 4, 2026
IRS Reports Record Tax Collections, Larger Refunds in 2026
According to an Oct. 29 report from the agency, the IRS collected $5.6 trillion in taxes during the fiscal year, an increase of nearly 5% from 2025.
Taxes September 10, 2026
IRS Tax Revenue Surged to Record High in FY 2025 While Audit Revenue Dipped 35%
Coming off a historic FY 2024 in which an all-time high $98.7 billion in enforcement revenue was collected, the IRS brought in $93.8 billion attributed to enforcement in FY 2025, a nearly 5% drop.
Taxes May 20, 2026
Michigan Tax Audits Skipping Over Out-of-State Big Businesses, Whistleblowers Say
Despite out-of-state taxpayers historically contributing the majority of tax revenue, out-state auditing operations for Michigan have been under "serious erosion," the state House Oversight Committee was told.
Taxes April 23, 2025
Ex-Treasury Secretary Says Trump ‘Attack’ on IRS Risks $1 Trillion Revenue Hit
Lawrence Summers said that the Trump administration’s moves to downsize the IRS, along with other changes, are likely to incentivize reduced tax-payment compliance.
Taxes March 25, 2025
IRS Cuts May Cost $500 Billion in Lost Tax Revenue as Taxpayers Exploit System
Cuts to IRS staffing and taxpayer behavior are contributing factors in the anticipated revenue decline.