IRS Audit Odds Based on Your Income Level

Thursday, 11 April 2024, 19:15

The chances of facing an IRS audit vary depending on your income level, with high-income earners being at a higher risk. Understanding the factors that increase the odds of an audit can help taxpayers prepare and navigate potential tax scrutiny. By being aware of these risks, individuals can take proactive steps to minimize the likelihood of facing an IRS audit.

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IRS Audit Odds Based on Income Level

Two groups of taxpayers are more likely to face an IRS audit than other Americans, and it's only high income earners.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

IRS Audit Odds Based on Income Level

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