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[BUSINESS & INDUSTRY]

IRS Settles with Trump, Will Not Pursue Back Taxes

In a recent announcement, the IRS confirmed it will not take action against Donald Trump and his family for back taxes, following a settlement agreement disclosed by the Justice Department.

Editorial StaffMay 19, 20261 MIN READ

On May 19, 2026, the US Internal Revenue Service announced it would not pursue back taxes against President Donald Trump, his sons Eric and Donald Jr., or the Trump Organisation.

This decision comes as part of a settlement agreement that was revealed by the Justice Department.

The implications of this settlement for Trump's financial obligations remain to be fully understood, as details about the agreement have not been extensively disclosed.