The Internal Revenue Service says it's making a dent in identity theft.

FOX's Tonya J. Powers has the story:

Identity theft is getting a punch to the gut from the IRS. The tax agency reports that the number of ID theft victims dropped sharply last year, 46 percent.

Agents have struggled for years to fight what's become a multi-million dollar industry and stopped nearly a million fraudulent refunds from being issued last year. Those refunds totaled more than $6 billion.

ID theft peaked at the IRS in 2014, when there were more than 766,000 victims. The IRS is a popular target for ID thieves because the agency issues hundreds of billions of dollars in refunds every year.

Tonya J. Powers, FOX News.

Follow Tonya J. Powers on Twitter: @TonyaJPowers