75°
Baton Rouge, Louisiana
3 Day Outlook
Sat
85°
69°
60%
Sun
84°
68°
80%
Mon
84°
69°
60%

Latest Weather Blog

Follow our weather team on social media

IRS paid at least $13B in improper tax credits

1 year ago May 13, 2014 May 13, 2014 Tuesday, May 13 2014 Tuesday, May 13, 2014 11:44:37 AM EDT in News
Source: Associated Press

WASHINGTON - A government investigator says the Internal Revenue Service paid more than $13 billion in tax credits last year to people who may not have qualified.

The Earned Income Tax Credits were supposed to go to low-income working families.

The agency's inspector general issued a report Tuesday saying the improper payments were between $13.3 billion and $15.6 billion. That's about a quarter of all EITC payments.

The Earned Income Tax Credit is one of the nation's largest anti-poverty programs. However, it has been susceptible to fraud for years.

The IRS said it is aggressively fighting tax fraud, and is improving its efforts to police EITC payments. The agency said it has stopped nearly 15 million suspicious returns since 2011, blocking more than $50 billion in fraudulent refunds.

More News

comments powered by Disqus

Desktop News

Click to open Continuous News in a sidebar that updates in real-time.
Radar
5 Days
Today
Not Available
75°
72°
Sat
Scattered T-Storms
85°
69°
Sun
T-Storms
84°
68°
Mon
Scattered T-Storms
84°
69°
Tue
T-Storms
84°
69°