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What is the budget for the IRS FY 2024?

The IRS FY 2024 budget request is $14.1 billion, $1.8 billion (about 15 percent) more than the FY 2023 Enacted level of $12.3 billion.

What is the new tax bracket for 2024?

2024 Tax Brackets (Taxes Due in April 2025) The 2024 tax year, and the return due in 2025, will continue with these seven federal tax brackets: 10%, 12%, 22%, 24%, 32%, 35% and 37%. Your filing status and taxable income, including wages, will dictate the bracket youre in.

How many IRS taxpayers are there?

The IRS processed more than 262.8 million federal tax returns during FY 2022, of which 160.6 million were the tax returns of individuals, and of that total, 150.6 million were e-filed, or almost 94% of all individual tax returns.

What is the headcount of the IRS?

The agency has grown its workforce to more than 90,000 employeesup front 79,000 at the end of fiscal 2022though that represents less than half of the hiring it plans to make by fiscal 2025. IRS expects to grow its workforce to 105,000 employees by that year, which would mark a 33% increase from fiscal 2022.

How early can I file my taxes 2024?

How soon can I file my 2023 tax return? The 2024 tax season officially began on Jan. 29. That means the agency is now accepting and processing tax returns if youd like to get an early start on submitting them.

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