IRS Audits Low Earners ‘5X More Often’ Despite Biden’s Pledge Against Increased Audits For Low To Middle Class – By Brooke Mallory (OAN) / April 17, 2024
Following the announcement that the Inflation Reduction Act would provide the IRS with an additional $80 billion in budget, the Biden administration had made an effort to convince American taxpayers that this money would not increase their likelihood of being audited by the agency.
Treasury Secretary Janet Yellen also previously claimed that audit rates would not rise for people and small businesses with annual incomes under $400,000.
In addition, a press release from the White House recently stated that a significant portion of the money is “dedicated to closing the tax gap by specifically enforcing tax compliance by the wealthiest tax evaders.”
