Sunday, August 14, 2022

New IRS agents

The IRS expects to pay for the new agents by increasing audits. The lower income people do not owe taxes but they collect refunds from the earned income credit (EITC) and child tax credit. Often times these credits are obtained illegally by using fake social security numbers. If you claim a child under the age of six you can get $3,600 in tax refund even if you do not owe any tax. For a child over 6 but under 18 you get $3,000. The EITC for one child is $3,700.

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