Homebuyer Tax Credits Went To Four-Year-Olds

bloomberg.com:

Children as young as 4 years old received first-time homebuyer tax credits as the U.S. failed to adequately screen filings, a Treasury inspector general told lawmakers today.

“Some key controls were missing to prevent an individual from erroneously or fraudulently claiming the credit and receiving an erroneous refund of up to $8,000,” Treasury’s J. Russell George told the House Ways and Means Committee’s oversight panel.

Read the whole story: bloomberg.com

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