Here Are the Odds of An IRS Audit » Mortgage Masters Group

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She probably won’t be doing that, and the only precaution she’s taking against an audit. their chances of being examined by the IRS if they make certain errors, some of which are more commonly made.

“I think there are a certain group. mortgage interest. In 2016, the number of people audited by the IRS dropped by 16 percent from the year before. Just 0.7 percent of individuals were audited,

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Our calculator, based on official IRS data on returns audited in 2016, will give you a good idea of the odds that your personal return will be selected for review-either by mail or in person.

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In the midst of these funding cuts, the IRS audit rate dropped from. a mortgage interest deduction on a $500,000 home, the IRS may want to.

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As millions of Americans file their income tax returns, their chances of getting audited. how much interest you paid on your mortgage last year. Your lender is required by law to fill it out and.