Category: taxation
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IRS Reports Record $5.6 Trillion in FY 2026 Collections, Faster Refunds
The agency said the average federal income tax rate fell to 12.6 percent for Tax Year 2025 and that it protected about $38 billion from identity theft refund fraud.
Politics and GovernmentBusinessFederal GovernmentEconomyTaxationLaw EnforcementScience & TechnologyComputers and InternetBanking Internal Revenue ServiceWorking Families Tax CutsFrank J. Bisignanotax refundsidentity theft refund fraudTrump AccountsDonald J. Trumpfiscal year 2026