Senate appropriators released their fiscal year 2026 funding plan for Treasury, the IRS, and the SEC on November 24, 2025. The plan boosts funding for taxpayer services and maintains 2025 IRS enforcement funding levels.
The draft Financial Services and General Government (FSGG) funding bill is, overall, more generous for the IRS than Treasury’s budget request or the House budget bill (H.R. 5166). Likewise, the measure proposes flat funding for the SEC, avoiding the steep reductions envisioned under the House bill.
The House Appropriations Committee passed its FSGG funding plan in September.
IRS Funding Plan
The Senate bill would allocate $3.2 billion for taxpayer services, a bump up from the fiscal year 2025 operating plan, which provided $2.78 billion. The House bill would keep funding at 2025 levels, while Treasury’s request was for over $3.6 billion.
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