Personal Finance Advice and Commentary

Tuesday, July 15, 2014 12:53 pm
By Kay Bell · Bankrate.com

Around $106 billion is lost government-wide due to improper payments. The IRS contribution to this unwelcome amount is $15.6 billion in bad EITC claims.

Tuesday, March 04, 2014 2:47 pm
By Kay Bell · Bankrate.com

Two budget documents set the stage for political rather than fiscal battles.

Tuesday, October 22, 2013 1:15 pm
By Kay Bell · Bankrate.com

Uncle Sam is losing billions each year in wrong Earned Income Tax Credit claims.

Friday, July 05, 2013 10:19 am
By Kay Bell · Bankrate.com

The earned income tax credit catches a lot of heat, but many military families depend on it and the refundable portion of the child tax credit.

Tuesday, April 23, 2013 11:57 am
By Kay Bell · Bankrate.com

Despite a law requiring accountability for money that federal agencies pay out, the IRS has issued as much as $13.6 billion in improperly claimed earned income tax credits.

Tuesday, October 23, 2012 4:17 pm
By Kay Bell · Bankrate.com

A recent government investigation found that refundable tax credits cost the U.S. billions. But so do all the tax breaks you and I claim.