IRS drops all pending tax claims against President Donald Trump
NewsBytes | May 20, 2026 7:39 AM CST
Settlement creates $1.7 billion anti-weaponization fund
The deal permanently blocks the IRS from chasing any pending tax issues as of May 18, 2026.
It also launches a $1.7 billion Anti-Weaponization Fund to help people who feel they were unfairly targeted during Biden's presidency, though Trump can't tap into it.
While some Democrats are calling it a slush fund, Acting Attorney General Todd Blanche said it's open to anyone who believes they've faced political bias, no matter their views.
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