In an American Action Forum tracker update, Director of Regulatory Policy Dan Goldbeck records the cost of complying with Internal Revenue Service paperwork using data on Information Collection Requirements (ICRs) from the Office of Information and Regulatory Affairs’ RegInfo.gov website. For this edition of the tracker, data as of April 15, 2025, is compared to the snapshot of costs compiled annually by AAF on Tax Days going back to 2017.

An excerpt:

After a four-year stretch where the total annual paperwork from the IRS steadily increased, Tax Day 2025 finds that total declining by roughly 820 million hours, or a nearly 10-percent reduction, from 2024. The most significant portion of this decrease came in the discontinuation of the ICR for “Deduction for Qualified Business Income (Form 8995 and Form 8995-A),” which represents a 336-million-hour reduction. The official notice of discontinuation (see below) essentially let the ICR in question expire at the end of February.

Read the analysis.