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Going back to the threat of an IRS audit for working families: Current evidence suggests that the IRS has no plans to curb such plans any time soon. In fact, the Transactional Records Access Clearinghouse (TRAC) at Syracuse University found that audits of wage-earners making $25,000 or less has increased by more than 25 percent so far this year when compared to the 2021 tax season.
“If IRS continues at this same pace for the rest of this fiscal year, audit rates would inch up to 13.5 per 1000 returns — slightly higher than the phenomenally high rates that occurred last year when IRS audited the poorest families claiming an anti-poverty earned income tax credit at five times the rate for everyone else,” concluded TRAC’s researchers.
The problem is starting to score the attention of Congress, with Sen. Elizabeth Warren (D-Mass.) and Rep. Judy Chu (D-Calif.) among the leaders calling out both the U.S. Treasury and the IRS for these distorted audit rates.
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