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Refundable Tax Credits

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US Tax Rules Tighten Refundable Benefits for Immigrant Eligibility
politics2 hours ago

US Tax Rules Tighten Refundable Benefits for Immigrant Eligibility

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.