Revised Refundable Credit Risk Assessments Still Do Not Provide an Accurate Measure of the Risk of Improper Payments

The Chief Financial Officer and the Commissioner, Wage and Investment Division, should revise the methodology used to conduct the Annual Improper Payment Risk Assessment for refundable tax credits to include a quantitative assessment using available NRP and IRS compliance data.

The Chief Financial Officer and the Commissioner, Wage and Investment Division, should work with the CMS to develop a collaborative strategy to assess the comprehensive risk of improper PTC payments, including the risk of APTC improper payments.

The Chief Financial Officer and the Commissioner, Wage and Investment Division, should ensure that the methodology used to conduct the PTC improper payment risk assessment includes a quantitative assessment of available IRS compliance data, including National Research Program (NRP) data, once available.