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Home Videos

How The IRS Layoffs Will Impact Your Taxes And Refunds

DeFi Daily News by DeFi Daily News
April 13, 2025
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Thousands of employees at the Internal Revenue Service have lost their jobs in recent months as part of widespread cuts to federal spending by Elon Musk’s Department of Government Efficiency, or DOGE. The layoffs could impact essential functions at the agency during the height of tax season, from audits and collection enforcement to processing tax returns and refunds.

Chapters:
0:00 Introduction
1:27 Cutting the IRS workforce
4:17 Impact on tax audits, collection and enforcement
6:30 What’s next?

Produced and Shot by: Jeff Huang
Edited by: Andrea Miller
Senior Director of Video: Lindsey Jacobson
Additional Footage: Getty Images

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#CNBC
#Taxes
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How The IRS Layoffs Will Impact Your Taxes And Refunds

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Tags: aibudget deficitdepartment of government efficiencydogeelon muskfederal deficitfederal governmentImpactincome taxinflation reduction actInternal Revenue ServiceIRAIRSJob CutslayoffsPoliticsrefundsspending cutstaxtax audittax cheatstax collectiontax enforcementtax evasiontax filingtax gaptax refundtax returnstax revenuetax seasontax systemTaxestaxpayerTechnologyTrumpwealthy
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