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Elon Musk asks if the IRS should be ‘deleted’ after agency begs for $20 billion
The IRS just said it wants $20B more money,” billionaire Elon Musk posted on X, before sharing a poll asking whether the agency should be “deleted” altogether.
Elon Musk Asks if IRS Funding Should Be 'Deleted'
Elon Musk has asked social media users if funding for the Internal Revenue Service (IRS) should be "deleted" in a poll on X, formerly Twitter. "The IRS just said it wants $20B more money," Musk, who has been appointed to co-lead the informal Department of Government Efficiency under President-elect Donald Trump, wrote on X.
Is Elon Musk considering ‘deleting’ America’s Internal Revenue Service?
Elon Musk asked users on X whether the Internal Revenue Service (IRS) ought to be deleted. The question comes after the department asked for $20 billion to continue operating. The IRS is crucial since it is in charge of processing tax returns,
Can Elon Musk save the US Government $2 trillion?
President Elect Donald Trump has created a new government advisory group – the Department of Government Efficiency or ‘DOGE’ - to help cut the US budget. The world richest man, Elon Musk, will co-head the department and has pledged to cut ‘at least $2 trillion’ to ‘balance the budget’.
Meet the Labour MP taking on Elon Musk
Five months of Labour government has drawn Elon Musk’s attention for all the wrong reasons. During the riots this summer, the world’s richest man claimed that civil war in Britain was “inevitable” and attacked Sir Keir Starmer when police pursued individuals for posts on his social network,
Elon Musk names financial watchdog government agency he wants to ‘delete’
Elon Musk, the billionaire entrepreneur turned political adviser, announced on X he intends to push Donald Trump’s administration to get rid of the Consumer of Financial Protection Bureau, a financial watchdog agency.
Hosted on MSN
18h
IRS Unveils New Policy to Fast-Track Tax Refunds and Combat Identity Theft with IP PIN Requirement
The Internal Revenue Service (IRS) has announced a significant policy change designed to streamline the process for taxpayers ...
The Herald-Dispatch
23h
IRS encourages taxpayers to prepare for 2025 filing season with online tools and key reminders
As the nation’s tax season approaches, the Internal Revenue Service is reminding people of simple steps they can take now to ...
1d
Have an IRA Account? You May Qualify to Transfer Up to $105,000 to Charity Tax Free.
Individuals contribute to traditional IRAs with pre-tax earnings. These contributions are typically tax-deductible, but gains ...
4d
on MSN
IRS Enforcement Money Has Unexpected $20 Billion Hole
Biden administration officials are rushing to address quirk in congressional funding before they leave office.
1d
on MSN
Supreme Court springs back to work with four key cases on the docket
The Washington Examiner breaks down the four cases the Supreme Court will take up next week to open the December session.
4d
on MSN
IRS funding cut would increase US deficit, slow service
Cuts in funding for the Internal Revenue Service, long eyed by Republicans in Congress, would increase the federal deficit by ...
22h
on MSN
2 Important IRA Changes Coming in 2025 That Investors Must Know
The 2025 contribution limits for IRAs will remain unchanged at $7,000 for individuals under 50, or $8,000 for individuals 50 and older. The modified AGI limits concerning the deductible portion of ...
Hosted on MSN
14h
Unlock Tax Savings While Building Your Future: Don’t Miss the Saver’s Credit Benefits
The Internal Revenue Service (IRS) is emphasizing the importance of retirement savings for low- and moderate-income taxpayers ...
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Elon Musk
IRS
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