The Earned Income Tax Credit (EITC) was designed to keep low-income families out of poverty. It’s “refundable,” which means eligible individuals can receive a refund even if they don’t owe any tax. The IRS has stated that there’s a significant amount of EITC fraud because individuals falsely report information in order to claim an EITC or claim a larger one. The Treasury Inspector General for Tax Administration (TIGTA) recently published a report to evaluate the IRS’s EITC audit strategy. It found the EITC accounts for an estimated $27 billion of individual income underreporting and almost 31% of all IRS audits in the last 10 years. To read the TIGTA report: http://bit.ly/3FZTzX5