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Benzinga
April 17, 2024

Biden Promised IRS Funding Wouldn't Increase Audits For Regular Americans As IRS Audits Poorest Americans 5X More Often Than Others
By Caleb Naysmith


A recent White House press release highlighted how much of the funds are "dedicated to closing the tax gap by specifically enforcing tax compliance by the wealthiest tax evaders." However, data from Syracuse University's Transactional Records Access Clearinghouse (TRAC), a nonpartisan data provider focused on federal government agencies, shows the poorest Americans — primarily those requesting the Earned Income Credit (EIC) — have a higher risk of getting audited by the IRS. TRAC analyzed 2021 tax returns and found that annual earners of less than $25,000 were five times more likely to get audited than everyone else. They also found that 13% of these returns claiming the EIC were audited, increasing even higher to 13.5% in 2022.


Transactional Records Access Clearinghouse, Syracuse University
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