|
|
|
|
|
|
|
“Does it make sense from either an equity or revenue standpoint to focus IRS’s limited firepower on the poorest taxpayers among us — those with incomes so low they have filed returns claiming an anti-poverty earned income tax credit?”
|
|
|
|
|
|
|
|
|
Households that claimed low-income tax credits were five times likelier to get audited by the Internal Revenue Service last year than other taxpayers, according to a new report from Syracuse University.
Parents earning less than $25,000 who claimed the earned income tax credit, which serves as a “work bonus” for low-wage workers with kids, were disproportionately represented among the tiny fraction of taxpayers audited in 2021.
For every 1,000 households that claimed the credit, 13 wound up getting contacted by the IRS, according to the Transactional Records Access Clearinghouse at Syracuse, compared to just 2.6 out of every 1,000 filers who didn’t claim the credit.
|
|
|
|