IG: Billions lost to potential child tax credit fraud

Potential abuse of a popular tax-credit program is costing the government billions of dollars, the IRS inspector general said in findings that may ramp up the debate over undocumented workers getting government benefits.┬áThe IRS paid out at least $5.9 billion in improper payments of the additional child tax credit in fiscal year 2013…The IG previously reported that unauthorized workers were a major source of the improper payments…It also noted that its budget has been cut by $850 million since 2010, with 13,000 fewer staff…The $1,000-per-child tax credit is among the … Continue reading