Nearly 1,300 prison inmates wrongly received more than $9 million in tax credits for homebuyers despite being locked up when they claimed they bought a home, a government investigator reported Wednesday.
The investigator said 241 of the inmates were serving life sentences.
In all, more than 14,100 taxpayers wrongly received at least $26.7 million in tax credits that were meant to boost the nation's slumping housing markets, said the report by J. Russell George, the Treasury Department's inspector general for tax administration.
The report blemishes an otherwise popular tax break that was sweetened once by President Barack Obama as part of his economic recovery package and again by Congress when it was extended into this spring
More of this troubling report here.
A picture of my cave
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