The likelihood that you’ll to get audited by the Internal Revenue Service is falling.
Less than 1% of individual returns were audited by the IRS last year—the lowest rate in a decade, according to The Wall Street Journal.
But as the overall rate of audits has declined, millionaires are increasingly likely to get a call from the IRS. Nearly 10% of those with an income above $1 million were audited last year. It’s a sign of the IRS’s increased scrutiny of high-earners, as the service audited only 7.5% of the same income bracket in 2014, the Journal reported.
After adjusting for inflation, the IRS budget has been cut by nearly one-fifth since 2010, according to the Center on Budget and Policy Priorities. With those budget cuts, the IRS enforcement staff has fallen to its lowest level in a decade. IRS Commissioner John Koskinen explained the IRS’s declining staff and service levels in testimony before the House in November, after many taxpayers struggled to get a representative on the phone last filing season: