Tax revenues reached a record level during fiscal year (FY) 2025, but revenue from tax audits took a hit, according to a new report from the Treasury Inspector General for Tax Administration (TIGTA). Taxpayers paid the IRS $5.3 trillion, a 4.2% increase from FY 2024 and the most tax revenue ever paid by taxpayers, without adjusting for inflation. However, TIGTA reports IRS enforcement revenue decreased to $93.8 billion in FY 2025. TIGTA said this is mainly attributable to a 35% decline in examination-related revenue from FY 2024 to FY 2025. Also of note: The IRS lost nearly 27% of its Examination and Collection staff from FY 2024 to FY 2025. Read TIGTA’s report: https://bit.ly/4zOCESZ
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