EITC certification pilot program set for 2004 filing season.
| Position | IRS News; Earned Income Tax Credit - Brief Article |
The IRS will launch an early version of the Earned Income Tax Credit certification program in early 2004 to minimize erroneous claims.
The GAO recently identified the EITC program, a refundable credit for low-wage taxpayers, as a high-risk area. Previous studies by the GAO indicate that the EITC program contains errors totaling $8.5 billion to $9.9 billion--about 30 percent of the overall benefits claimed.
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