IRS Audits Poorest Families at Five Times the Rate for Everyone Else

This is a fascinating look at how (and why) the IRS is targeting low income taxpayers who have the earned income tax credit five times more than other tax payers and much higher than millionaires (who keep increasing).

A large increase in federal income tax audits targeting the poorest wage earners allowed the Internal Revenue Service to keep overall audit numbers from further declines for Americans as a whole during FY 2021. That resulted in these low-income wage earners with less than $25,000 in total gross receipts being audited at a rate five times higher than for everyone else.

READ MORE This article is worth the read. The Syracuse University TRAC IRS issues the report every year.


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