Question of the Day

What portion of the 13.4 million students who received federal tax credits for attending college in 2012 were identified by the IRS Inspector General as potentially ineligible for the money they received?

Correct Answer

Tell Me More

The IRS Inspector General recently reported that "3.6 million taxpayers (claiming more than 3.8 million students) received more than $5.6 billion … in potentially erroneous education credits." This is a potential fraud rate of roughly 28% at $1,500 per ineligible student. Federal refundable tax credit programs have some of the highest improper payment rates of all federal programs.

DocumentationInspector General ReportTax Credit Fraud

Reload Question
Reload Question
Share via Facebook
Share via Twitter
Share via Email
Embed into your website
About the Fact App
Articles by Topic