IRS audit rate for individuals drops

Individuals' chances of facing an IRS audit rate dropped to the lowest level in at least a decade in 2014 and are expected to fall further this year, according to new data USA Today obtained from the nation's tax agency.

Representing the percentage of individuals' tax returns IRS revenue agents examined either in person or via correspondence, the audit rate dropped to 0.86 percent last year, the lowest rate since at least fiscal 2005.

The agency audited around 1.2 million individuals last year, down over 162,000 from 2013 and nearly 339,000 from 2010.

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