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BumRushDaShow

(150,078 posts)
Fri Apr 4, 2025, 02:42 PM 6 hrs ago

Tax return filings drop by nearly 1 million and extension requests rise as deadline nears

Source: CNN Politics

Published 7:00 AM EDT, Fri April 4, 2025


CNN — As the April 15 tax filing deadline fast approaches, fewer Americans have filed their federal taxes, and more have requested extensions, at this point in the filing season compared to last year, according to the latest public data and private Internal Revenue Service numbers obtained by CNN.

The IRS had received nearly 1 million fewer tax returns, or 1.1% less, than the agency had received in the same period last year, as of March 21.

The drop by itself isn’t necessarily a concern, nor is it unusual, according to experts who spoke to CNN. There have been declines in recent years for this time period.

But this year’s drop comes amid concerns about possible declines in revenue collection, and as the IRS faces massive staffing cuts, disruptive leadership changes, a battle over whether to cooperate with immigration authorities, and internal conflicts with Elon Musk’s Department of Government Efficiency.


Read more: https://www.cnn.com/2025/04/04/politics/tax-return-filings-deadline-irs/index.html

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