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Tax and financial planning news from around the web: July 17 – 21, 2023

Written on Jul 21, 2023

IRS tightens filters to screen refundable credits for fraud 
The IRS has updated its systems to detect invalid claims for the Child and Dependent Care Credit and the Earned Income Tax Credit to guard against errors and scams next tax season. 

3 tax prep firms shared ‘extraordinarily sensitive’ data about taxpayers with Meta, lawmakers say 
Three large tax preparation firms sent “extraordinarily sensitive” information on tens of millions of taxpayers to Facebook parent company Meta over the course of at least two years, according to a report. The data was used by Meta to create targeted advertising and train algorithms. 

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