<p>Report: IRS Audits More Low-Income Families Than Millionaires </p>

Report: IRS Audits More Low-Income Families Than Millionaires 

Transactional Records Access Clearinghouse

In fiscal 2022, the likelihood of a millionaire being audited by an IRS revenue agent was 1.1 percent, while the taxpayer class with the highest audit rates were low-income taxpayers who claimed the earned income tax credit, the Transactional Records Access Clearinghouse said in a January 4 report.

<p>In fiscal 2022, the likelihood of a millionaire being audited by an IRS revenue agent was 1.1 percent, while the taxpayer class with the highest audit rates were low-income taxpayers who claimed the earned income tax credit, the Transactional Records Access Clearinghouse said in a January 4 report.</p>