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The Volkswagen Scandal Might Have Tricked the IRS Out of $50 Million
Some VW drivers received a tax credit for driving environmentally-friendly cars Before the emissions crisis was discovered, some Volkswagen vehicle owners were considered eligible for a $1,300 tax credit under the Energy Policy Act of 2005 if they drove a 2009 or 2010 model, Huffington Post reports. The tax credit is given out to car owners whose cars meet specific standards regarding emissions and fuel economy, and 60,000 of these VW vehicles have been sold in the U.S. If each of those drivers was in fact eligible for the tax credit, and took advantage of it, the IRS could have paid out upwards of $50 million in ... (full story)