When 1.3 million kids disappeared from tax returns

Name: When 1.3 million kids disappeared from tax returns
Duration: 57 s
Description: In 1987, the IRS required social security numbers for dependents, and 1.3 million fake children vanished from returns.

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Before 1987, parents didn't need Social Security numbers to claim dependents—just names—so some taxpayers invented extra kids for bigger deductions. TJ explains what happened the year the IRS started requiring SSNs and how many phantom children vanished overnight.

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