Politics2/5/2026•Bloomberg

Trump Vows to Donate Any Proceeds From $10 Billion IRS Lawsuit

Trump Vows to Donate Any Proceeds From $10 Billion IRS Lawsuit

In a recent development, President Donald Trump has filed a $10 billion lawsuit against the US Treasury and Internal Revenue Service (IRS) over an unauthorized disclosure of his tax returns to the press during his first term in office. Trump has stated that he would donate any money he receives from the lawsuit to charity. The lawsuit alleges that the disclosure of his tax returns was a violation of his privacy and was done with the intent to harm his reputation. The former president has long been critical of the IRS and has accused the agency of targeting him and his businesses. The outcome of the lawsuit remains to be seen, but Trump's pledge to donate any proceeds to charity has drawn attention to the ongoing legal battle between the former president and the government agencies.

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