A House Appropriations subcommittee has passed legislation that would allocate $9.5 billion to the IRS for fiscal year 2026, marking a decrease of more than 20% compared to the agency's current $12.3 billion funding.
The measure, approved by a 9-6 party-line vote in the Financial Services and General Government Subcommittee, would reduce the IRS budget by $2.8 billion, according to the Fiscal Times.
