Social Media-Fueled Tax Credit Claims Invite $162 Million in Fines, IRS Says

Taxpayers can face up to $5,000 in penalties if they make such fake claims.
Social Media-Fueled Tax Credit Claims Invite $162 Million in Fines, IRS Says
People walk by the IRS building in Washington on Jan. 9, 2025. Madalina Vasiliu/The Epoch Times
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More than $162 million in fines have been assessed by the IRS with regard to false tax credit claims filed by taxpayers fueled by social media posts encouraging such fraudulent tactics, the agency said in a Sept. 8 statement.

The IRS noted two tax credit programs that were misused most often: the Fuel Tax Credit and the Sick and Family Leave Credit.