Trump's plans to slash IRS staff could derail agency amid tax season

The IRS is preparing to get rid of half of its workforce, according to two media reports – part of a blitz by the Trump administration to reduce the size and scope of the federal government during ...

The Hill - 10h

USAID cuts are just the start of Trump, Musk plan to slash agency spending

The dismantling of the United States Agency for International Development (USAID) appears to be the beginning of President Trump's efforts to instill massive cuts across federal agencies. CBS News' ...

CBS News - Feb. 27

Here's how IRS layoffs could impact your tax filing and refund this season

Thousands of IRS employees are expected to lose their jobs as Elon Musk's Department of Government Efficiency, or DOGE, continues cuts to federal spending.

CNBC - Feb. 21

Slashing Medicaid to Pay for Trump’s Tax Cuts Could Lead to Vast State Shortfalls

Republicans have proposed lowering the federal share of costs for Medicaid expansions, which could reshape the program by gutting one of the Affordable Care Act’s major provisions.

The New York Times - Feb. 26

IRS employee among those fired by Trump during tax season speaks out

President Trump is eliminating more than 6,700 at the Internal Revenue Service at the height of tax season. Nancy Cordes looks at the impact of the cuts on the workers and Americans who depend on ...

CBS News - Feb. 21

What does DOGE's IRS shake-up mean for tax season?

DOGE wants access to filers’ data, and the commerce secretary says Trump wants to scrap the IRS. But filing a return remains mandatory — the earlier the better, tax advisers say.

NBC News - Feb. 20

Why Trump’s Clean Energy Rollbacks Could Derail a Factory Boom

With the Trump administration reversing support for low-carbon power, the business case for making wind, solar and electric vehicle parts gets weaker.

The New York Times - Feb. 20

Trump administration, Musk’s DOGE plan to fire nearly all CFPB staff and wind down agency, employees say

Employees testified that CFPB leaders and Elon Musk's DOGE want to wind down the agency to five employees, the minimum required under law.

CNBC - 6d

Trump’s Plan to Kill Social Security Benefit Tax Could Accelerate Its Insolvency

Social security is already in danger. President Trump’s plan to get rid of income taxes on the benefit won’t save it. In fact, it’ll probably do the opposite.

Inc. - Feb. 20

Thinking of not filing your tax return amid IRS cutbacks? Penalties can be costly, experts say

As the IRS faces cutbacks, some taxpayers are weighing whether to file returns this season.

NBC News - Feb. 27

Thinking of not filing your tax return amid IRS cutbacks? Penalties can be costly, experts say

As the IRS faces cutbacks, some taxpayers are weighing whether to file returns this season. But penalties can be costly, experts say.

CNBC - Feb. 27

I.R.S. Fires 6,700 Employees Amid Tax Filing Season

The layoffs at the Internal Revenue Service came alongside additional firings at the Transportation Security Administration and the C.I.A.

The New York Times - Feb. 21

DOGE Could Cut the IRS in Half. What Does That Mean for Your Tax Filings?

New reports indicate that Elon Musk may hit the agency with a second round of mass layoffs, and that audits could be abandoned amid the diminished headcount.

Inc. - 23h

The average IRS tax refund is more than 32% lower so far this season, early filing data shows. Here's why

The average IRS tax refund is more than 32% lower so far this season, according to early filing data. Here's what to know.

CNBC - Feb. 26

DOGE plans to wind down consumer protection agency and fire nearly all staff, employees say

The Consumer Financial Protection Bureau’s Trump-appointed leadership plans to fire nearly all its 1,700 employees while “winding down” the agency, according to testimony from employees.

NBC News - 6d

Trump’s IRS layoffs have some Americans asking: ‘Why bother’ filing taxes this year?

Accountants say some clients are wondering if they should blow off their taxes amid IRS cutbacks.

MarketWatch - Feb. 22

Intuit shares jump after results top estimates amid key tax season

Tax-preparation software provider Intuit on Tuesday reported quarterly results that topped Wall Street’s estimates, while forecasting third-quarter sales that were also above expectations.

MarketWatch - Feb. 26

Trump says Zeldin plans to cut up to 65 percent of EPA staff

President Trump said Wednesday that Environmental Protection Agency (EPA) Administrator Lee Zeldin has floated cutting the agency’s workforce by up to 65 percent. Speaking at the inaugural Cabinet ...

The Hill - Feb. 26

Can you dispute your tax bill with the IRS?

Receiving an unexpected tax bill from the IRS doesn't mean you're automatically obligated to pay it.

CBS News - Feb. 24

Who can help me with IRS tax debt?

If you owe the IRS money for back taxes and need some extra help, there are a few different options to consider.

CBS News - 2d

Why the Fed’s inflation fight could be a victim of Trump’s tariffs and tax cuts

Trump is moving fast and breaking things. That’s creating more chaos than progress.

MarketWatch - 1d

Meta slashes staff stock awards as group embarks on AI spending drive

Most employees will receive about 10% less equity options this year

Financial Times - Feb. 20

Layoff announcements soar to the highest since 2020 as DOGE slashes federal staff

U.S. employers announced 172,017 layoffs for the month, up 245% from January and the highest monthly count since July 2020

CNBC - 7h

CFPB employees say Trump administration plans to 'wind down' agency

Several employees at the Consumer Financial Protection Bureau (CFPB) said in a series of court filings Thursday that the Trump administration plans to “wind down” the agency, appearing to directly ...

The Hill - 6d

IRS layoffs underway around the country as millions prepare to file taxes

The IRS has begun laying off more than 6,000 new and newly promoted employees across the country as part of the push to slash the federal government, sources say.

ABC News - Feb. 20

What Do the Mass IRS Layoffs Mean for Your Business Tax Filings?

The IRS just laid off at least 6,000 employees, which could lead to slower processing times–or lax enforcement.

Inc. - Feb. 21

Will the expected IRS cuts delay my 2025 tax refund?

Tax accountants urge Americans to file early this year to avoid delays in getting your 2025 tax refund.

CBS News - Feb. 21

The IRS is firing thousands of workers. Will it affect your tax refund?

With the IRS laying off thousands of employees Thursday, many Americans may be wondering if their tax returns – or their refunds – will be affected.

The Hill - Feb. 22

Bad DOGE: Firing IRS workers will fuel tax cheating and cost billions

Cutting IRS jobs may sound appealing to some, but the long-term consequences could be disastrous.

The Hill - Feb. 25

The IRS Has an Influencer Problem, Thanks to This Tax Gray Area

The tax treatment of the free products many influencers get in the course of doing their job is especially ambiguous, leaving them unaware of how to correctly file their tax returns.

Inc. - 23h

Trump Just Fired 6,700 I.R.S. Workers in the Middle of Tax Season. That’s a Huge Mistake.

The Trump administration’s decision to fire over 6,000 I.R.S. workers will make the government less effective and less efficient, not more.

The New York Times - Feb. 24

Inside Republicans' budget plan that extends Trump tax cuts, potentially threatens Medicaid

After a lot of back-and-forth on Tuesday night, House Republicans were able to narrowly adopt a budget resolution that would advance President Trump's agenda. The proposal passed in a 217-215 vote. ...

CBS News - Feb. 26

'Reverse Robin Hood scam' or windfall for middle class? Lawmakers debate Trump tax plan extensions

Democrats and Republicans are making competing claims about how extending tax cuts from Trump's first term would benefit the rich and poor.

CNBC - 3d

Ways and Means committee to start drafting plans for enacting Trump tax agenda next week

Politico - 3d

Trump’s Plan to Repeal Climate Policy Could Upend Shift to Electric Cars

The administration is setting the stage for Congress to repeal a longstanding waiver that allows California to set its own pollution standards. State officials say the effort is illegal.

The New York Times - Feb. 26

Fired IRS employees slam layoffs as agency makes cuts nationwide

As the IRS fired thousands of workers across the country on Thursday, many laid-off employees walked out of the headquarters in Washington, D.C., for the last time.

ABC News - Feb. 21

Technology is speeding up tax season, but not the audit process

Politicians on both sides of the political aisles should relish giving their constituents a much-deserved psychological rest after completing their tax-return filing duties.

The Hill - Feb. 25

Trump admin tells federal agencies to make plans for large-scale layoffs of workers

Trump administration tells federal agencies to make plans for large-scale layoffs of workers

NBC News - Feb. 26

White House plans to expand mass layoffs to IRS and Veterans Affairs

Trump administration looks to axe up to half of the tax agency’s workforce and fire up to 83,000 workers at the VA. US politics live – latest updates Mass layoffs are being planned for two ...

The Guardian - 1d

Latest in Trump's plans to slash IRS staff could derail agency amid tax season

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