Saturday, December 12, 2015

ILLEGALS Eligible for Up To Eight Refundable Tax Credits

Expert: Tax credits for those here illegally amount to more than $5 billion a year
Illegal immigrants are eligible to claim up to eight refundable tax credits under federal law, according to a report from the Congressional Research Service.
A member of the National Guard checks on his colleague
inside a Border Patrol Skybox near the Hidalgo 
International Bridge in Hidalgo, Texas / AP
One of the tax credits available to illegal immigrants under the Internal Revenue Code is the additional child tax credit, which allows families with children to reduce their tax liability by $1,000 per child. If the value exceeds the tax liability they owe, the family receives a refund for the difference.
“The Tax Inspector General of Treasury says that the extra child tax credit, in a single year, doles out $4.2 billion a year to illegals,” said David North, a fellow at the Center for Immigration Studies. “Based on that number I would assume that other tax credits for illegals runs well over $5 billion a year.”
In addition, illegal immigrants are eligible for the earned income tax credit, which allows low-income families to receive a refundable tax credit even if they do not owe any taxes.
Read the rest of the story HERE.

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