The IRS is in turmoil. Taxpayers are taking notice.
The IRS is bracing for a $500 billion drop in tax revenue this year, in part due to President Donald Trump’s rapid demolition of parts of the agency. And a look at the unprecedented deal brewing between the IRS and Immigration and Customs Enforcement.
With just a few weeks to go until Tax Day, Treasury Department and IRS officials are predicting a decrease of more than 10 percent in tax receipts by the April 15 deadline compared with 2024. That would amount to more than $500 billion in lost federal revenue.
The prediction, officials told congressional economic correspondent Jacob Bogage, is directly tied to changing taxpayer behavior and President Donald Trump’s rapid demolition of parts of the IRS.
On “Post Reports,” Jacob joins host Colby Itkowitz to discuss the signals the Trump administration has sent taxpayers with its shrinking of the IRS. And he explains how the administration is hoping to use the tax agency's confidential taxpayer databases to aid in its mass deportation campaign.
Today’s show was produced by Rennie Svirnovskiy, with help from Bishop Sand. It was edited by Peter Bresnan and mixed by Sean Carter.
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