Pursuit's Take
Treasury was not in compliance with IPERA for fiscal year 2015 due to IRS not reporting an overall improper payment rate of less than 10 percent for the Earned Income Tax Credit (EITC) program. IRS estimates that 24 percent ($16.8 billion) in EITC payments were issued improperly in fiscal year 2016. This is the 6th consecutive year that we have determined that Treasury is noncompliant with IPERA due to IRS’s EITC reporting deficiencies. Report.