IRS Publishes Fiscal Year 2024 Financial Report and Receives Award for 2023 Report, IR-2024-286

The IRS has published its latest Financial Report, providing insights into the Service’s current financial status and addressing key financial matters. The report emphasizes the IRS’s programs, achievements, challenges and management’s accountability for the resources entrusted to the bureau. In fiscal year 2024, the IRS received more than $5.1 trillion in tax revenue, collected more than $98 billion in enforcement revenue and distributed $553 billion in federal tax refunds and other outlays.

The IRS was honored earlier this year by AGA (formerly the Association of Government Accountants) with its second consecutive Certificate of Excellence in Accountability Reporting (CEAR) award for the FY 2023 Agency Financial Report. Additionally, the IRS received a second coveted CEAR award, acknowledging it as “Best in Class” for improved presentation of the Management’s Discussion and Analysis section.

IR-2024-286