Here’s the latest as of May 19–20, 2026:
A settlement related to a $10 billion lawsuit against the IRS over the leakage of Donald Trump’s and his family's tax information has been announced. The settlement includes terms that, critics say, shield Trump and his family from future IRS examinations of past tax issues. Several outlets report the agreement bars the IRS from pursuing claims or investigations related to those past returns for Trump, his family, trusts, and affiliated entities.[2][3][4]
In addition to the settlement details, contemporaneous reporting notes a substantial component: a fund connected to the settlement, described by some outlets as around $1.7–$2 billion, intended for victims of “weaponization” or similarly framed perceived political prosecutions. The precise size and structure of the fund vary slightly across outlets.[8][10][2]
Coverage emphasizes that the added settlement terms prohibit the IRS from examining Trump or related parties’ tax returns filed before the settlement date, while noting that audits of post-settlement filings could still proceed. The government says waivers are normal in settlements, but observers highlight the unprecedented scope of the protection.[3][4][8]
Notes and how to interpret:
Would you like a concise side-by-side summary of the key terms, or a brief timeline of how this developed? I can also pull direct quotes from the articles for precise wording.[2][3][4]
President Trump had accused the Treasury Department and IRS of unlawfully allowing a government contractor to leak his tax returns and those of his sons and company.
www.cbsnews.comNew settlement terms added to a US Justice Department agreement will prevent the Internal Revenue Service from pursuing past tax claims or investigations against US President Donald Trump, his...
www.thenews.com.pkThe move comes after Trump, his sons and family business sued the IRS for $10 billion for failing to properly oversee a contractor who leaked the tax returns of the president.
www.politico.comUS settles Trump tax leak lawsuit, drops future tax claims and creates $1.8B fund for alleged political prosecution victims.
abc7amarillo.comPresident Trump is suing the Internal Revenue Service and Treasury Department for at least $10 billion, claiming the agencies unlawfully allowed an IRS contractor to leak his tax returns and those of his sons and company.
www.cbsnews.comBy Tierney Sneed and Hannah Rabinowitz, CNN (CNN) — The Internal Revenue Service can’t bring claims against President Donald Trump, his family or
krdo.comThe Miami federal court lawsuit says the IRS and Treasury failed to prevent the leak of Trump's tax records by former IRS employee Charles Littlejohn.
www.cnbc.comTrump's IRS settlement agreement created a nearly $2 billion fund for political allies — and the DOJ is now prohibiting the agency from future tax investigations into his family and businesses
people.comThe lawsuit seeks $10bn (£7.25bn) in damages after tax information from Trump and his family was leaked to the media.
www.bbc.com