EITC

It wasn’t until 1987 that the IRS began requiring social security numbers on claimed children. That was the day that an estimated 7 million children disappeared. People were claiming children they did not have to get the earned income tax credit (EITC). A single mom with two children earning $30,000 per year qualifies for $3,200 from the earned income tax credit. This was the average and if you multiply that by 3.5 million the cost of this type of fraud was over $10 billion dollars.