Nearly Half Of IRS Audits Target Poorest Taxpayers, Report Finds

Nearly Half Of IRS Audits Target Poorest Taxpayers, Report Finds
Tax season by Olga DeLawrence is licensed under Unsplash unsplash.com
Nearly half of all IRS audits in 2021 targeted the nation’s poorest taxpayers, according to a new study.

A report released by the Transactional Records Access Clearinghouse (TRAC) on Tuesday said that about 307,000 of the nearly 660,000 audits conducted by the IRS in 2021 were among taxpayers who claimed the Earned Income Tax Credit intended for those making the lowest incomes in the nation, those earning less than $25,000 in total gross receipts.

The poorest families in the study were audited at five times the rate of other Americans.
 
Tax season by Olga DeLawrence is licensed under Unsplash unsplash.com

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