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Thomas Lagana, Michael Vergari & John Schwear
Financial Advisors
Janney Montgomery Scott LLC
The Lagana Wealth Advisory Group
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IRS Audit Rates Over Time

IRS audit rates for individual income tax returns have fallen since 2010, but this pattern could reverse as the agency ramps up enforcement. The Inflation Reduction Act of 2022 provided the IRS with an influx of about $80 billion to modernize outdated technology and rebuild a depleted workforce.

Source: Internal Revenue Service, 2022