- The IRS reportedly has over 11 million tax returns from last year that still haven’t been processed.
- The agency has been overwhelmed during the pandemic from processing millions of new tax returns with the same limited headcount.
- The IRS was also responsible for distributing 478 million stimulus payments ($812B) and 36 million child tax credits ($93B).
- The backlog will probably result in many delays processing this year’s tax returns.
- Since 2010, budget cuts have resulted in the IRS reducing its staff by 17%.
