"Potential Government Shutdown: Impact on Tax Collectors, Military Families, and Essential Services"
The IRS may be able to continue working even if the federal government shuts down on October 1, thanks to additional funding it received in 2022. The agency's contingency plan states that it will not experience a lapse in appropriations, and normal operations will continue for its 83,000 employees. However, the IRS still faces challenges as its annual appropriations remain uncertain, and there is a difference of $1.1 billion between the House and Senate on how much funding the agency should receive in fiscal year 2024. Previous shutdowns have forced the IRS to significantly reduce its operations, but the agency's fiscal position and additional funding may help mitigate the impact this time.
Reading Insights
0
0
4 min
vs 5 min read
89%
974 → 112 words
Want the full story? Read the original article
Read on Yahoo Finance