• Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans

Subscribe to Updates

Get the latest finance news and updates directly to your inbox.

Top News

Wall Street Ends Sharply Lower Amid AI Displacement Fears and Revived Tariff Angst

February 24, 2026

9 Frontline Jobs That Are Dominating the Market in 2026 (and Resisting Automation)

February 24, 2026

Here’s What the Supreme Court Tariff Ruling Means for Consumer Prices

February 21, 2026
Facebook Twitter Instagram
Trending
  • Wall Street Ends Sharply Lower Amid AI Displacement Fears and Revived Tariff Angst
  • 9 Frontline Jobs That Are Dominating the Market in 2026 (and Resisting Automation)
  • Here’s What the Supreme Court Tariff Ruling Means for Consumer Prices
  • Checking in a Second Bag Could Now Cost You More on American Airlines
  • The Best Places to Buy Pet Medicines (and Keep More of Your Cash)
  • 6 Low-Stress Side Hustles That Don’t Require a Car or a Degree
  • At 58 and 59, Lori and Scott Lost Their Life Savings to a Sophisticated Investment Scam. Could They Rebuild Their Finances and Retire in 10 Years?
  • How One Couple Erased $40,000 of Debt in 18 Months (Without Eating Ramen)
Tuesday, February 24
Facebook Twitter Instagram
FintechoPro
Subscribe For Alerts
  • Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans
FintechoPro
Home » IRS Spared As House Passes Temporary Funding Bill
Taxes

IRS Spared As House Passes Temporary Funding Bill

News RoomBy News RoomNovember 15, 20233 Views0
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email Tumblr Telegram

That collective sigh you just heard? Despite weeks of posturing, the House passed legislation to keep the federal government’s lights on. The bill now moves to the Senate, days ahead of the deadline.

If it feels like deja vu all over again, you’re not wrong. Earlier this year, there were worries that the government would run out of money for the next fiscal year. The deadline at that time was Sept. 30, and without a compromise, the government would have shut down, meaning that all nonessential government functions would have stopped. However, a last-minute bill kicked the can down the road for another 90 days—that bill, framed as a continuing resolution, passed the House with a vote of 335-91.

Some on the Hill changed their vote for the latest short-term bill. The most recent count was 336-95, with ninety-three Republicans and two Democrats voting no—but that was enough. The bill was passed under a suspension of the rules, which means that only a two-thirds vote was required.

The House bill extends funding for government services at current spending levels. That means there were no spending cuts, including those targeted to the IRS. Earlier this year, House Speaker Mike Johnson (R-La.) introduced a supplemental appropriations package that would provide $14.3 billion in military assistance to Israel in exchange for slashing an equal amount of IRS funding.

The extensions are only temporary. Specifically, funds for military and veterans programs, agriculture and food agencies, as well the Departments of Transportation and Housing and Urban Development will now run out on Jan. 19, 2024. Money for the Department of State, as well as the Departments of Defense, Commerce, Labor, and Health and Human Services, will now run out on Feb. 2, 2024, unless additional measures pass.

The bill does not include funding for Israel and Ukraine, or money to shore up border security. Those issues—especially with the upcoming elections—were considered too charged to be considered in the current political climate. However, they will likely be significant discussion points next year.

With a few days to spare until the Nov. 17 deadline, the measure now moves to the Senate, where it is expected to pass. If it does, the White House has signaled that President Biden will sign the bill into law.

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Articles

Building Housing Lowers Prices But “Supply Skeptics” Don’t Believe It

Taxes November 30, 2023

Options To Improve Child Tax Credit For Low-Income Families: An Update

Taxes November 29, 2023

The (Foreign) Gift That Keeps On Giving – IRS Penalties

Taxes November 28, 2023

IRS Doesn’t Need The Blocked Income Tax Regulations In Coca-Cola

Taxes November 27, 2023

Most Married Couples File Taxes Jointly With IRS, But Should You?

Taxes November 26, 2023

Which Trusts Save Taxes, Which Do Not, And Which Are Illegal?

Taxes November 24, 2023
Add A Comment

Leave A Reply Cancel Reply

Demo
Top News

9 Frontline Jobs That Are Dominating the Market in 2026 (and Resisting Automation)

February 24, 20260 Views

Here’s What the Supreme Court Tariff Ruling Means for Consumer Prices

February 21, 20261 Views

Checking in a Second Bag Could Now Cost You More on American Airlines

February 21, 20262 Views

The Best Places to Buy Pet Medicines (and Keep More of Your Cash)

February 20, 20261 Views
Don't Miss

6 Low-Stress Side Hustles That Don’t Require a Car or a Degree

By News RoomFebruary 20, 2026

You don’t need a master’s degree or a vehicle to build a reliable second income…

At 58 and 59, Lori and Scott Lost Their Life Savings to a Sophisticated Investment Scam. Could They Rebuild Their Finances and Retire in 10 Years?

February 19, 2026

How One Couple Erased $40,000 of Debt in 18 Months (Without Eating Ramen)

February 19, 2026

Car Loan Interest Could Save You Thousands on Your Taxes This Year. Here’s Who Qualifies.

February 18, 2026
Facebook Twitter Instagram Pinterest Dribbble
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
© 2026 FintechoPro. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.