A government investigation found that almost 1,300 prison inmates were among those to avail themselves of the popular tax break that gave $8,000 to first-time home-buyers and $6,500 to repeat offenders, I mean, buyers. The inmates’ take on this tax-payer funded stimulus benefit: more than $9 million.
The audit of the program by the Treasury Inspector General for Tax Administration found 14,132 erroneous tax filings for credits that total at least $26.7 million.
Before your blood pressure rises too high, this is really just a small sliver of the more than $12.6 billion in credits paid to date through the program — although it is troubling that the program remains so vulnerable to fraud.
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