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August 15, 2022

Higher Taxes? More Audits? Here's How Increased IRS Funding Could Affect You
By Sarah Hansen


For the 2019 tax year, just 0.17% of taxpayers earning between $25,000 and $200,000 per year were audited, according to a May report from the Government Accountability Office, or GAO. The same percentage of taxpayers earning between $200,000 and $500,000 per year were audited. However, audit rates on lower-income workers aren’t negligible — 0.4% of people earning less than $25,000 per year were audited for the 2019 tax year, according to the GAO. A report from the Transactional Records Access Clearinghouse at Syracuse University found that the IRS audited the nation's lowest earners at five times the rate of everyone else during the 2021 fiscal year.


Transactional Records Access Clearinghouse, Syracuse University
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