Chances of getting audited
Although many people file their taxes with the dread of a potential audit looming over their shoulders, the reality is that their chances of receiving one are not as high as they might think. According to USA Today, the audit rate for 2016 was overall 0.7 percent. This is the lowest rate since the 2003 data. The drop corresponds with cuts in funding to the IRS department and the amount of auditors available to enforce tax rules.
The higher the income the higher to chance of audit. For instance, those with an annual income of $200,000 or more had an audit rate of 1.7 percent and those with $1 million or more had a rate of 5.8 percent.