IRS overpays $11.6B in low-income credits

04/23/2013 | Hill, The

The Internal Revenue Service overpaid between $11.6 billion and $13.6 billion in tax credits issued under the earned income tax credit in fiscal year 2012, according to the Treasury Inspector General for Tax Administration. It was one of the lowest years of overpayment. There are a number of factors that make it difficult for the IRS to control improper payments.

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Hill, The

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