IRS giveaway: Taxpayers illegally took $3.2 billion in college tax credits 

click to enlarge web.student_tax.jpg

WHAT: More than 2 million taxpayers wrongly collected $3.2 billion in college tax credits last year, the Treasury Department inspector general reported. This was more than one-fifth of the $15.5 billion in college credits issued to nearly 8.9 million taxpayers through 2010.

HOW: The IRS credited $2.6 billion to 1.7 million taxpayers for students without documents proving they attended school. Another $550 million went to 371,000 taxpayers for students ineligible because they didn’t go to classes long enough.

WHY IT’S OUTRAGEOUS: Credits for $256,000 went to 250 prisoners who were in custody for all of 2009. IRS rules require taxpayers to provide at least half of a claimed dependent’s support — which seems unlikely for most imprisoned offenders.

 

About The Author

Staff Report

Staff Report

Bio:
A daily newspaper covering San Francisco, San Mateo County and serving Alameda, Marin and Santa Clara counties.
Pin It
Favorite

Speaking of...

More by Staff Report

Monday, Jul 27, 2015

Videos

Most Popular Stories

© 2015 The San Francisco Examiner

Website powered by Foundation