News, We're getting a $54,000 tax refund! The federal adoption tax credit.

[Zyngawf]

Originally Posted by WannaliveinGreenville

Yes. But the operative word is * refundable * meaning prior to 2010, it was not ?

You saw what happened with the $ 8,000 homebuyers tax credit. Prisoners made fraudulent claims receiving millions...

You can well expect to see some prisoners claim * 6 adopted kids * for a cash windfall.....

Think thats not possible ? Explain how the prisoners who lived in 4 x 9 cells claimed the $ 8,000 Home Buyers Tax Credit ?

So my point is : Watch for future abuse anytime the gov'ment passes out money.....


How many prisoners have received the tax credit?
Of the 4,608 state and federal inmates who filed for the tax credit, 1,295 received the fraudulent refunds. That includes 241 inmates serving life sentences, to whom the Internal Revenue Service awarded a total of $1.7 million.

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I was thinking this too. I know someone that adopted 5 special needs kids and has given them a good home. It can happen, but after hearing about this how many people will try to cash in? Where there is money to be had there are abusers.

[Boompa]

More tax breaks, I'm sick of tax breaks, from this couple to Citicorp everyone needs to pay their taxes