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Enhanced Tax Yield Reported by IRS, with Revenues Surpassing Anticipated Growth by Over 5%

IRS and Treasury Department aim for enhanced tax collection efficiency, planning to modernize outdated IT infrastructure. According to IRS statements, tax revenue this year increased by 5% compared to the previous year.

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Unapologetic Insights: The IRS Modernization Saga Under Trump's Rein

Enhanced Tax Yield Reported by IRS, with Revenues Surpassing Anticipated Growth by Over 5%

IRS whistleblower Gary Shapley dishes on his promotion at the Treasury Department under President Donald Trump on 'The Bottom Line.'

The Trump administration is hell-bent on making the IRS as efficient as a well-oiled machine, my friend.

And guess what? The IRS has been raking in more dough this tax season, with an impressive 5% hike in tax receipts compared to last year. Plus, the number of tax returns processed has shot up by 1.5%.

"We're making Treasury great again, not just spouting empty rhetoric. The numbers don't lie—we're working hard to ensure the IRS serves the people, not the other way around," Deputy Treasury Secretary and acting IRS Commissioner Michael Faulkender said, spilling the tea to FOX Business.

"Our next move is to push forward President Trump's tax agenda with unwavering support from House and Senate Republicans. We aim to put more moolah back into the pockets of hardworking Americans," he added.

*20K IRS WORKERS CONSIDERING Golden Parachutes*

IRS data leaked to FOX Business shows tax receipts are on the rise, y'all. (Kayla Bartkowski/Getty Images)

Since Trump took office, the IRS' IT budget has taken a $2 billion hit, yet they've managed to avoid any operational meltdowns, thanks to the nixing of wasteful contracts, like auto-renewing licenses that were gathering dust, according to the Treasury Department.

The IRS is also revamping its technical team by bidding adieu to non-technical staffers and welcoming engineers into the fold. Interestingly, fewer than one in five staffers working on the IRS' IT programs were qualified engineers—a standard industry would usually boast a 100% figure.

*DOGE DECLARES IRS MODERNIZATION PROGRAM A $15B Overbudget Disaster*

The IRS is undergoing a massive makeover under the Trump administration. (Reuters/Kent Nishimura/File Photo)

With a stronger emphasis on hiring qualified engineers and placing them in the driver's seat, the IRS is carrying on with its mission to build a unified application programming interface (API) layer. This project, initially kickstarted over two decades ago with a whopping $4 billion budget, aims to:

  • Enhance taxpayer data security by facilitating encrypted communication between IRS systems.
  • Bolster fraud detection through improved data governance and analytics.
  • Declutter legacy systems by consolidating them into a user-friendly interface.

A dedicated engineering team is spearheading the effort, having recently held a "Roadmapping Kickoff" to plot out the implementation strategy. Technical leadership has been handed over to career IRS engineers, moving the project away from DOGE-driven initiatives that stirred controversy.

Current Hurdles:

  • Leadership instability: Five acting commissioners since 2025, including Faulkender replacing Gary Shapley.
  • Workforce depletion: Buyout offers extended to 20,000 employees and the strain of DOGE-related budget cuts.
  • Policy flip-flops: The abandonment of the Direct File program highlights the conflicting priorities between modernization and service continuity.

While funding details for the API project remain unclear, the administration trumpets early signs of progress: a 5% increase in tax receipts and a 1.5% boost in processed returns year-over-year.

  1. Deputy Treasury Secretary Michael Faulkender, acting as IRS Commissioner, discussed the IRS modernization saga under President Trump's reign, emphasizing their aim to improve the efficiency of the IRS and increase revenue.
  2. Faulkender revealed that under the Trump administration, the IRS has seen a 5% increase in tax receipts and a 1.5% boost in processed returns.
  3. The IRS is making changes to its technicalteam, replacing non-technical staffers with engineers and focusing on hiring qualified engineers to lead the modernization efforts.
  4. The IRS is working on building a unified application programming interface (API) layer, with the goal of enhancing taxpayer data security, bolstering fraud detection, and decluttering legacy systems.
  5. The IRS modernization project is facing challenges such as leadership instability, workforce depletion, and policy flip-flops, including the abandonment of the Direct File program.
  6. Despite these challenges, the administration is maintaining optimism about the progress of the IRS modernization project, highlighting the increase in tax receipts and processed returns as early signs of success.
Efficiency in tax collection is the focus for the Treasury Department and IRS, with modernization of outdated IT systems being a key strategy. As per the IRS, this year's tax revenue has seen a 5% boost compared to the previous year.
Improving Tax Collection Efficiency: A Priority for the Treasury Department and IRS. Both agencies plan to modernize IT systems to accomplish this. The IRS reported a 5% growth in tax revenues for this year as compared to the last.
Enhancing Tax Collection Efficiency: Upgrading Antiquated IT Systems Proposed by Treasury Department and IRS. This year's tax revenues have witnessed a 5% surge compared to the previous year, as reported by the IRS.

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