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

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

//business-finance.news-articles.net/content/202 .. ns-asking-why-bother-filing-taxes-this-year.html

Published in Business and Finance on Saturday, February 22nd 2025 at 22:40 GMT by MSN

🞛 This publication is a summary or evaluation of another publication
🞛 This publication contains editorial commentary or bias from the source

The Trump administration reportedly started to lay off nearly 7,000 new workers from the IRS on Thursday, including many who work in enforcement. A day earlier, Commerce Secretary Howard Lutnick told Fox News that Trump's goal is to "abolish" the IRS and replace its tax revenue with tariff cash.

2025-02-22 260 x 130 / 9270 Bytes

The article discusses the impact of IRS layoffs under the Trump administration, which have led to significant delays in tax processing and customer service issues. With the reduction in IRS staff, many Americans are experiencing longer wait times for tax refunds and are struggling to get assistance with their tax filings. This situation has prompted some taxpayers to question the necessity of filing taxes this year, especially given the complexities and lack of support. The article highlights the frustration among taxpayers, the backlog of unprocessed returns, and the potential for increased tax evasion due to diminished enforcement capabilities. It also touches on the broader implications for tax compliance and the potential need for increased funding and staffing for the IRS to restore efficient service.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/economy/trump-s-irs-layoffs-have-some-americans-asking-why-bother-filing-taxes-this-year/ar-AA1zzK3F ]