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Irs Data Sharing

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Crackdown on immigration could wipe out nearly $480B in U.S. tax revenue over a decade
business1 hour ago

Crackdown on immigration could wipe out nearly $480B in U.S. tax revenue over a decade

The Trump administration's immigration crackdown and a proposed IRS-ICE data-sharing plan could deter undocumented workers from filing taxes, risking $147B-$479B in federal revenue over the next 10 years; the loss of the child tax credit for parents without legal status could affect up to 2.7 million children, and tax professionals report a sharp drop in filings as fear of enforcement grows.