The amount of a taxpayer's itemized deductions will not increase the chance of being audited by the IRS.

Name: The amount of a taxpayer's itemized deductions will not increase the chance of being audited by the IRS.
Brand: Quizplus
Rating: 4.9 (52 reviews)

Question

Quizplus · Accepted Answer

While itemized deductions themselves do not necessarily trigger an audit, high deductions relative to income or large deductions in certain categories (such as charitable contributions or business expenses) may raise red flags and increase the chance of being audited.

The Amount of a Taxpayer's Itemized Deductions Will Not Increase