What factors increase the odds of an audit? Audit Rates Rise with Incomes Overall, under 1% of wage earners had their tax returns examined by the IRS in fiscal year 2022. Income Percentage audited Source: Internal Revenue Service, 2024 (most current data available) Under $200,000 0.2% $200,000 and higher 0.28% $1 million and higher* 1.34% *Included in $200,000 and higher number Making a lot of money Failing to report all taxable income Taking higher-than- average deductions, losses, or credits Taking large charitable deductions Running a business 123 Source: Kiplinger.com, 2026
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