Statistically, your chances of getting audited by the IRS are actually pretty low. According to CBS News, only 0.2% of people were audited in 2020; or about 1 in 500. This is down from a report from the Government Accountability Office (GAO) on 2019 audits, where the average was 0.25%.
As your income goes up, so does your chances of being audited. The GAO notes that once you hit $1MM your chances jump up to 1%, and over $5MM your chances are 2.3%.
