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