The IRS has published its annual Data Book for fiscal year (FY) 2024. It provides a statistical overview of the tax agency’s operations. A few highlights: In FY 2024, for the first time, revenue collected exceeded $5 trillion ($5.1 trillion), an increase of almost 9% compared to FY 2023’s total of $4.7 trillion. Note: Revenues collected by the IRS account for about 96% of all government funding. In addition, the IRS processed more than 266 million returns and other forms from individuals, businesses and tax-exempt organizations and issued nearly $553 billion in refunds to individual and business taxpayers. To read the Data Book: https://bit.ly/3Us8cvC
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