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IRS handed out $132 billion in wrongful payments under low-income tax credit program

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The Internal Revenue Service has made "no significant improvements" toward ending massive improper payments under the Earned Income Tax Credit program, according to an audit released Tuesday, which shows the agency issued more than $132 billion in wrongful tax credits over the past decade. It's also "unlikely that the IRS will significantly reduce those improper payments in the future, in part...

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