Your Chances of Getting Audited Are the Lowest in 25 Years
When you're doing your taxes tonight, and have that moment where you wonder if you can claim your dog, your cat, and your toaster as dependents...you shouldn't. But if you do, you just might get away with it.
Your odds of getting AUDITED this year are the lowest they've been in at least 25 years.
The IRS has had some serious budget cuts, so they'll have fewer agents auditing returns this year than any year since the '80s.
And since they have fewer agents, they'll have to focus on going after the BIG FISH...the people making the most ridiculous claims or trying to cheat their way out of paying huge amounts.
That being said...even if you don't get audited, the computers could still catch you on a big red flag. Like, if your company reported that you made $50,000 and you report you made $40,000, the computer will catch that.
The IRS audited less than 1% of people's returns last year, which was the lowest amount since 2005...and they say it'll definitely be even lower this year.