Janet Yellen has told the IRS not to use the additional resources to increase audit rates for American families earning less than $400,000 annually

1/25/2023

Janet Yellen has told the IRS not to use the additional resources to increase audit rates for American families earning less than $400,000 annually.

Yellen told IRS Commissioner Charles Rettig in a letter released by the Treasury Department that any new IRS personnel "shall not be used to increase the share of small business or households below the $400,000 threshold that are audited relative to historical levels."

Yellen said, "contrary to the misinformation from opponents of this legislation, small business or households earning $400,000 per year or less will not see an increase in the chances that they are audited."