Although audits are relatively rare, as fewer than 1% of taxpayers grouped by income level will get that dreaded notice on IRS letterhead. But don’t panic!
Per the linked statistics, for the average American who earned $50‒70K per year, only about half a percent of those tax returns got audited. If you made between $25‒50K or between $75‒100K, less than half a percent of those returns were under audit. Only 6.66% of tax returns reporting an eight-figure adjusted gross income were audited as well. Additionally, the IRS has less funding and about one-third fewer agents on board compared to less than a decade ago, so this keeps audit figures down.
Disaster Tax Relief Just Changed: What Every Taxpayer Must Know
October 9, 2026
Natural disasters can create devastating financial losses. Homes may be damaged or destroyed, personal belongings may be lost, and families may receive insurance proceeds, settlement payments, or other forms of
