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Your likelihood might be a little lower or higher depending on your reported income. Those making $10 million or more are the most likely to be audited, as 2.4 percent of these returns faced an audit in 2020. But if you reported an income of $1 to under $25,000 in 2020, your chances of being audited were also 0.4 percent. Meanwhile, those who made between $25,000 to $49,999, or $200,000 to $499,999, were both audited at a rate of 0.2 percent that year.
Reported income isn't the only thing that factors into how likely you are to be audited, however. Following those making $10 million or more, the second most likely group to get audited in 2020 were those who claimed the Earned Income Tax Credit .
IRS Audit Tax Season Financial
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