Over 250K Bogus Tax Refund Claims Stopped, $450M Saved
The New York State Department of Taxation and Finance stopped 252,000 bogus refund claims in 2014, saving taxpayers $450 million, Governor Andrew M. Cuomo announced in a press release.
Already this year, the Department has stopped $331 million in fraudulent and erroneous refund claims—a trend projecting the total savings to taxpayers will exceed $500 million in 2015.
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