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Unemployment fraud may create a tax nightmare

February 9, 2021

Via: CNBC
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Millions of Americans will get tax forms for unemployment benefits this filing season. However, many will get them in error due to fraud, creating a potential headache for recipients.

At least $36 billion has been lost to improper unemployment payments, largely due to fraud, by early November, according to an estimate from the Office of the Inspector General for the Department of Labor.

That sum may ultimately balloon to more than $63 billion, the watchdog said last week.

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