IRS to hike audit rates for wealthy taxpayers by 50%

TL/DR –

The IRS Commissioner, Danny Werfel, has promised to protect American households earning less than $400,000 a year from increased audit rates. He stated that their audit rates will not surpass those of 2018, which were a record low. He made these comments during a call with reporters.

IRS Commissioner’s Assurance on Audit Rates

The IRS, under Commissioner Danny Werfel, is focused on maintaining audit rates for American households with yearly earnings under $400,000, without exceeding the 2018 record-low figures. This commitment was reiterated by Werfel in a recent press call.

—
Read More US Economic News