InvestorsHub Logo
Followers 44
Posts 6607
Boards Moderated 0
Alias Born 10/29/2003

Re: None

Wednesday, 02/04/2015 7:28:20 PM

Wednesday, February 04, 2015 7:28:20 PM

Post# of 24326
IRS: Extra Tax Refunds for Illegal Immigrants Granted Amnesty by Obama

IRS Commissioner John Koskinen confirmed Tuesday that illegal immigrants granted amnesty under President Obama's executive actions will be able to get retroactive tax refunds.

Byron York explained on "America's Newsroom" that illegal immigrants will be eligible for the Earned Income Tax Credit, which is actually a government grant of up to $5,000 to working families.

"Illegal immigrants affected by the president's edict will not only be eligible for those tax credits going forward, but three years retroactively," York said. "So they'll be able to collect quite a bit of money from the treasury."

York explained that the IRS has issued taxpayer identification numbers to people who are in the U.S. illegally, but working, so that they can pay taxes.

Illegal immigrants who filed taxes that way over the past three years can now go back and amend those previous tax forms to claim the Earned Income Tax Credit.

"There has been a long debate over whether these people should be eligible for government benefits," York said, adding that one of the promises Obama made during the passing of ObamaCare was that illegal immigrants would not be eligible for subsidies.

"The question of what government benefits, if any, that illegal immigrants should be eligible for has been a pretty hot question for a while. And now, under the president's edict, they're definitely eligible for the Earned Income Tax Credit and something called the Additional Child Tax Credit, going back for three years."

http://insider.foxnews.com/2015/02/04/irs-offering-extra-tax-refunds-illegal-immigrants-granted-amnesty-president-obama

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.