Tag Archives: tax credits

IRS Pays Out $220B in Improper Tax Credits

The Internal Revenue Service paid out more than $110 billion in tax credits over the past decade to people who didn’t qualify for them, according to a Treasury report released Tuesday. The Earned Income Tax Credits were intended for poor … Continue reading

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IRS Overpaid up to $13.6 B in Tax Credits

The Internal Revenue Service (IRS) overpaid between $11.6 billion and $13.6 billion in tax credits designed to help low-income families in fiscal 2012 , the Treasury Department announced in a report released Monday. The overpayments account for 21 percent to … Continue reading

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And Who’s Paying for This??

Nearly 26 million people will be eligible for tax credits next year to help them purchase health insurance through ObamaCare’s new state marketplaces, according to a new study. The figures from liberal advocacy group Families USA shed light on the … Continue reading

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