How The IRS Layoffs Will Impact Your Taxes And Refunds

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Thousands of employees at the Internal Revenue Service have lost their jobs in recent months as part of widespread cuts to federal spending by Elon Musk’s Department of Government Efficiency, or DOGE. The layoffs could impact essential functions at the agency during the height of tax season, from audits and collection enforcement to processing tax returns and refunds. Chapters: 0:00 Introduction 1:27 Cutting the IRS workforce 4:17 Impact on tax audits, collection and enforcement 6:30 What’s next? Produced and Shot by: Jeff Huang Edited by: Andrea Miller Senior Director of Video: Lindsey Jacobson Additional Footage: Getty Images » Subscribe to CNBC: » Subscribe to CNBC TV: About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Do you want a new career that’s higher-paying, more flexible or fulfilling? Take CNBC’s new online course - How to Change Careers and Be Happier at Work. Pre-register today and use coupon code EARLYBIRD for an introductory discount of 30% off $67 (+taxes and fees) through May 13, 2025: Connect with CNBC News Online Get the latest news: Follow CNBC on LinkedIn: Follow CNBC News on Instagram: Follow CNBC News on Facebook: Follow CNBC on Threads: Follow CNBC News on X: Follow CNBC on WhatsApp: #CNBC #Taxes #Layoffs #IRS How The IRS Layoffs Will Impact Your Taxes And Refunds