Saturday, December 23, 2017

The Final Tax Bill Passed Wednesday Keeps Senate’s Loophole for Illegals Against House Hawks’ Wishes

The final version of the Tax Cuts and Jobs Act, passed Wednesday by the House and headed to President Donald Trump’s desk, will still allow illegal aliens to claim a lucrative child tax credit.
After immigration hawks in the House included a provision to require Social Security numbers (SSNs) for tax filers claiming the Additional Child Tax Credit, the language was significantly watered down in the Senate. The final version appears to allow even more illegal aliens to claim credits. The Tax Cuts and Jobs Act, however, still represents a major improvement over the current tax code, which allowed full utilization of child tax credits by illegals, even for children who were themselves illegal aliens.
The credit is now more valuable than ever because, at Sen. Marco Rubio’s (R-FL) insistence, the maximum refundable credit will increase from $1,000 per child to $1,100 per child in 2018 and then rise to $1,400.
The IRS typically allows illegal aliens to file taxes using something called Taxpayer Identification Number. Under the existing tax code, this was all that was needed to claim the Child Tax Credit, which is refundable, meaning it effectively puts cash in the hands of those claiming it. The House’s original version would block most illegals from claiming the credit, as only citizens and work-authorized aliens get SSNs. The original Senate version required SSNs only for the children themselves, allowing illegals with U.S. citizen or otherwise legal children – “anchor babies,” for example, or even minors covered by Obama’s Deferred Action for Childhood Arrivals (DACA) – to claim the benefit.
Read the rest from Ian Mason HERE.

If you like what you see, please "Like" us on Facebook either here or here. Please follow us on Twitter here.

No comments: