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Reading: President Donald Trump considers $10 billion IRS lawsuit charity settlement
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Business

President Donald Trump considers $10 billion IRS lawsuit charity settlement

Editor
Last updated: February 1, 2026 9:42 am
Editor
Published: February 1, 2026
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President Donald Trump considers  billion IRS lawsuit charity settlement


Fox Information authorized analyst Gregg Jarrett discusses President Donald Trump’s lawsuit towards the IRS and Treasury on ‘The Night Edit.’

President Donald Trump mentioned Saturday that he’s contemplating settling his $10 billion lawsuit towards the IRS and donating the cash to charity.

Trump filed a lawsuit Thursday accusing the company of unlawfully leaking his confidential tax returns in a politically motivated violation of federal privateness legal guidelines.

A spokesperson for Trump’s authorized workforce beforehand informed Fox Information {that a} “rogue, politically motivated” IRS worker disclosed non-public and confidential tax data involving Trump, his household and the Trump Group to shops together with The New York Occasions and ProPublica.

IRS CEO WEIGHS IN ON WHETHER POTENTIAL SHUTDOWN WILL IMPACT REFUND CHECKS

President Donald Trump speaks to members of the media aboard Air Power One as he travels from Washington, DC to West Palm Seashore, Florida, on Jan. 31, 2026. (SAUL LOEB / AFP through Getty Photos / Getty Photos)

Talking with reporters Saturday aboard Air Power One, Trump mentioned he’s contemplating settling the case and giving the proceeds to “established and revered charities.”

“We’re serious about doing one thing for charity the place I will give cash to charity,” he mentioned. “We are able to make it a considerable quantity. No one would care as a result of it should go to quite a few superb charities.”

Trump added, “If I pay myself, that by some means won’t ever look good.”

“Numerous exterior individuals mentioned, ‘What an important thought,’ as a result of no one cares how a lot if it goes to a very good charity,” Trump mentioned. “So you agree by giving charities some huge cash and I believe we’ll do one thing like that. We’re seeking to do one thing like that.”

TRUMP PICKS VETERAN STAFFER TO HEAD BUREAU OF LABOR STATISTICS

Donald Trump speaks to reporters aboard air force one

President Donald Trump speaks with reporters aboard Air Power One on Saturday, saying he’s contemplating settling his $10 billion lawsuit towards the IRS and donating the proceeds to charity. (Al Drago/Getty Photos / Getty Photos)

The president pointed to the American Most cancers Society as a doable instance of a recipient.

The lawsuit claims that disclosures by the IRS had been unlawful and harmed hundreds of thousands by violating federal privateness legal guidelines.

The leak facilities round a contractor, Charles Littlejohn, who pleaded responsible in October 2023 to a single felony rely of unauthorized disclosure of tax return data and is serving a five-year jail sentence.

Littlejohn admitted to stealing and leaking Trump’s tax data to The New York Occasions and individually disclosing confidential tax details about rich people to ProPublica.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Former IRS contractor Charles Littlejohn

Former IRS contractor Charles Littlejohn, proper, was sentenced to 5 years in jail for leaking the tax returns of President Donald Trump and different rich individuals. (Fox Information / Fox Information)

In accordance with the lawsuit, Littlejohn testified throughout a 2024 deposition that the supplies he leaked included data on all of Trump’s enterprise holdings.

Fox Information Digital’s Emma Bussey and Brooke Singman contributed to this report.

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