Taxpayers who misreported their income to snare unjustified Earned Income Tax Credits are draining $2 billion a year from the U.S. Treasury, auditors at the Government Accountability Office recently told Congress.
Another $2 billion a year is being improperly paid out to taxpayers who misrepresent their marital status in order to score EITC payments, and an even bigger drain - $3 billion annually - is being paid to families that collect earned income credits by falsely claiming that they meet federal residency or relationship requirements, the GAO said.
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