Don't worry, the IRS isn't hiring an 'army' of auditors—here's what's really happening. (via CNBCMakeIt)
into law, he authorized $80 billion in funding for the Internal Revenue Service over the next 10 years.
The legislation will indeed result in increased audit activity, but claims of a new army of IRS agents and rampant audits on everyday Americans are misleading, tax experts say. What's more, the IRS's workforce is aging. Between retirement and other departures, the agency will lose around 50,000 of its 80,000 workers over the next five years,Back to the 87,000 new agents: That number comes from a May 2021 report from the Treasury Department assessing how the IRS could use an $80 billion appropriation.
Between 2010 and 2019, audit rates for individuals dropped from 0.9% to 0.25%, according to a report from the Government Accountability Office. Those rates vary by income level, with those making less than $25,000 and those with incomes above $200,000 receiving higher-than-average scrutiny in recent years.
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