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Impact of Deductions on Your Chances of Being Audited

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Did you know that the IRS collects statistics from taxpayers to create profiles of average deductions? If you claim more than the average for your income range, the IRS's computer may select your return for further examination.

Tax experts agree that you should claim every deduction you are entitled to, even if your write‐offs exceed these statistical ranges. Just make sure to have the necessary proof of your eligibility and other records you are required to keep in case your return is examined.

J.K. Lasser's 1001 Deductions and Tax Breaks 2022

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