The Internal Revenue Service (IRS) said it collected a record-breaking $5.6 trillion in taxes during the 2026 fiscal year, an increase of nearly 5% from the previous year.
The IRS also said the 2026 fiscal year saw a 3% decline in the average tax rate paid by taxpayers for all income levels when compared to the previous year, and it saw a record-breaking amount of money returned to taxpayers in the form of refunds.
The IRS’s latest update also said taxpayers increasingly turned to IRS digital services in 2026 and that the number of users creating an online account on the IRS website rose by 34%.
57% more people also used the online portal to pay their taxes, the IRS said.