Featured Post from Cedarville University

What the 2025 Tax Season May Look Like According to the IRS

Jan 14, 2025

2 min

Jared Pincin

The 2025 tax filing season will begin on Jan. 27. The Internal Revenue Service warns it may not be functioning as adequately due to the Republican-controlled congress rescinding IRS designated funding, causing cuts in staffing and potential technological updates to become stagnant. During the Biden administration the IRS was granted extra funding as part of the Inflation Reduction Act, passed exclusively with Democratic votes. The Trump administration has introduced a new scanning technology allowing tax returns to be filed quicker, upon the cut in previous IRS funding. This online filing system will allow taxpayers to file electronically with IRS for free, cutting out any unnecessary third party. There are concerns that the cut in funding may cause Trump's IRS updates to delay. How will the cut in IRS funding affect the 2025 tax season? 


Economics expert, Dr. Jared Pincin weighs in on the discussion of how fund distribution will look under Trump administration in recent interview.

  • Trump administration has cut funding for IRS from $80 Billion to $60 Billion through 2031. During his campaign for presidency Trump promised a reallocation for funding and distribution. How will we see Trump's policies redistribute funding?  
  • Trump's new system, Direct File, is available in 24 states with hopes to make the 2025 tax season smoother than ever. Concerns arise that Trump's cut in funding to reallocate elsewhere may make his system to be come stagnant, causing delays and longer wait times for tax payers. Will Trump's new tax filing system make the 2025 tax season smoother or another nightmare? 
  • President-elect Trump promised stricter tariffs on manufacturing industries and more aggressive industrial policies. Rescinding IRS funding is just the beginning of Trump's reallocation of funding. How will we see the change in funding affects businesses?


If you are covering the the U.S. economy during the Trump administration and need to know more, let us help with your questions and stories.


Dr. Jared Pincin is an expert on economics and is available to speak to media regarding the Trump administration and the economy – simply click on his icon or email mweinstein@cedarville.edu to arrange an interview.

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Jared Pincin

Jared Pincin

Associate Professor of Economics

Dr. Jared Pincin is a nationally respected expert on economic issues facing the United States of America

Economics and EducationEconomicsEconomics and Behaviour

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