The Obama IRS will gift illegal immigrants with tax refunds for the last three years they were employed in the US.
Via Cavuto on Business:
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He won’t give Tea Party groups tax exempt status but will give cash gifts to illegals.
FOX News reported:
IRS Commissioner John Koskinen confirmed Tuesday that illegal immigrants granted deportation amnesty are entitled to collect additional tax refunds under President Obama’s plan for executive action on immigration.
President Obama announced the plan on November 20, 2014 where he addressed the fact that illegals passing background checks and paying taxes could remain in the United States:
“If you’ve been in America for more than five years; if you have children who are American citizens or legal residents; if you register, pass a criminal background check, and you’re willing to pay your fair share of taxes — you’ll be able to apply to stay in this country temporarily without fear of deportation. You can come out of the shadows and get right with the law. That’s what this deal is.”
The refunds will come from an Earned Income Tax Credit (EITC) and will be retroactive, based on money earned while working illegally from as far back as 2011. This only applies to individuals who previously registered for an Individual Taxpayer Identification Number (ITIN) and hold a valid Social Security number, but could still add up to billions of dollars in payments they were ineligible for prior to amnesty.
The Earned Income Tax Credit is a government grant intended to help working families earning a low to moderate income. It reduces the amount of tax owed and may also provide a refund. There is a long list of qualifications, but all individuals must file a tax return with the IRS, regardless of whether or not they owe taxes or are not required to file.