US Tax Rules Tighten Refundable Benefits for Immigrant Eligibility

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Source: nypost.com
US Tax Rules Tighten Refundable Benefits for Immigrant Eligibility
Photo: nypost.com
TL;DR

The Treasury Department and IRS unveiled rules to bar the refundable portions of four major tax credits (adoption, child, American Opportunity, and Earned Income Tax Credit) for illegal immigrants, allowing only citizens, nationals, and qualified aliens to receive them; about 1 million people would lose the refundable portion, though the credits can still offset tax liability, and taxpayers are expected to save roughly $3 billion.

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