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Story summary
- The IRS cut individual audits by 30% in fiscal year 2025.
- Audit revenue fell 35% to $6.5 billion in FY25, down from $10 billion.
- Total tax receipts reached a record $5.3 trillion in FY25, up 13.2% from FY23.
- Examinations of individual returns fell 30% in FY25, with a 27% drop for taxpayers earning over $400,000.
