Tax Day – Your Chances Of Being Audited Are At A 25 Year Low

If you haven't done your taxes yet and you are scrambling today to get them done - and you're wondering if you can claim your pets and vacuum collection as dependents...you can't. That would be dishonest. But if you are planning on being a cheater, you just might get away with it. Your chances of being audited are at a 25 year low because the IRS has had some big budget cuts, giving them fewer agents auditing returns. That means they will most likely have to focus on people making ridiculous claims so they can get out of paying large sums of money.

That does not mean you should lie on your taxes though - lying is bad. Plus there are a lot of errors that can be caught by computers. Your best bet is to file on time and honestly.

If you are a last minute filer - check out these useful tips to get the most out of your tax return and reduce the risk of an audit.

Via Associated Press