IRS to hike audit rates for wealthy taxpayers by 50%

Article Summary –

The IRS Commissioner, Danny Werfel, has stated that the agency is dedicated to protecting American households earning less than $400,000 a year from increased audit rates. He specified that the audit rates for these households will not exceed the rates of 2018, which were a record low. This information was shared on a call with reporters.


IRS Commissioner Ensures Audit Rates Stability for Lower Income Households

The IRS Commissioner, Danny Werfel, consistently affirms that the IRS is dedicated to protecting American families with an annual income of less than $400,000 from increased audit rates. He has specified that the audit rates for these income brackets will not surpass their 2018 levels, which marked a record low, as he stated in a reporters’ call on Thursday.


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