On Monday, March 11th President Biden proposed a fiscal 2025 budget requesting $12.3 billion in annual funding supporting the IRS’s momentum as it builds up its enforcement efforts on both non-compliant high-net worth individuals and business entities alike. While the proposed IRS annual funding for fiscal 2025 aligns with fiscal 2023 levels, it is a decrease President Biden Proposes 12.3 Billion For Enhanced IRS In Fiscal 2025 Budget