Trump, in court filings, says he plans to drop his $10B lawsuit against IRS
Donald Trump has announced plans to drop his $10 billion lawsuit against the IRS. In exchange, he is seeking the establishment of a $1.776 billion compensation fund for individuals he claims were unfairly targeted by the Biden administration. This development was communicated to a federal judge by Trump's attorneys and the Department of Justice.
- ▪Trump plans to drop his $10 billion lawsuit against the IRS.
- ▪He is seeking a $1.776 billion compensation fund for alleged wrongful targeting.
- ▪The announcement was made to a federal judge by Trump's legal team and the DOJ.
10 outlets in our directory ran this story, first to last over 3 hours. Coverage spans 3 points on the political spectrum — 3 lean left, 4 centre, 1 lean right.
- ▪ Trump drops $10-billion lawsuit against IRS over leak of tax returns — The Globe and Mail
- ▪ Justice Department announces nearly $1.8B fund to compensate Trump allies in a deal to drop IRS suit - AP News — Google News
- ▪ Trump administration creates $1.8bn fund for victims of government ‘lawfare’ — International homepage
- ▪ Trump settles $10 billion lawsuit against IRS over leak of his tax returns — CBS News — Top
- ▪ Trump Drops $10 Billion Lawsuit Against IRS—But He Could Be Looking For Billion-Dollar Payday — Forbes — Business
- ▪ Trump dismisses lawsuit against IRS, court filing shows — Straits Times — World
- ▪ Trump voluntarily drops $10 billion lawsuit against the IRS over his leaked tax records — NBC News — Politics
- ▪ Trump drops IRS lawsuit to create $1.8B "anti-weaponization" fund — Axios
- ▪ Trump drops $10 billion lawsuit against IRS — US Top News and Analysis
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| Original publisher | ABC News — Top |
| Canonical URL | https://abcnews.com/US/trump-court-filings-plans-drop-10b-lawsuit-irs/story?id=133066043 |
| Publication time | Mon, 18 May 2026 09:11:36 -0400 |
| Retrieval time | 2026-05-18T13:14:56.465Z |
| Last seen | 2026-05-18T13:14:56.465Z |
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| Cluster | Ql2ZRX71BdAb · 10 stories |
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ABC NewsLiveVideoShowsGood Morning AmericaShopGMAInterest Successfully AddedWe'll notify you here with news aboutTurn on desktop notifications for breaking stories about interest? OffOnStream onTrump, in court filing, says he plans to drop his $10B lawsuit against IRSSources have said he plans to create a "weaponization" fund for allies.ByKatherine Faulders, Peter Charalambous, and Alexander MallinMay 18, 2026, 9:13 AM1:53President Donald Trump speaks to reporters aboard Air Force One, May 15, 2026, as he returns from a trip to Beijing, China.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at ABC News — Top.
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