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www.kwtx.com — The Internal Revenue Service issued $5.6 billion in potentially bogus education tax credits in a single year, according to a report by the agency’s inspector general.
The report says the credits were issued to more than 3.6 million taxpayers in 2012.
Most of the credits went to students even though the IRS never received a tuition statement from the school.
Some students attended schools that weren’t eligible for federal funding while others didn’t take enough classes to qualify for the tax break.
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