Promoting freedom, innovation, and growth

Connect with IPI

Receive news, research, and updates

FEBRUARY 12, 2015

Amnestied To Receive Tax Credits On Taxes Never Paid? (Audio: Interview)

 

Merrill Matthews discusses with KMED's Bill Meyer Show how the IRS has confirmed that the newly amnestied will be eligible for the Earned Income Tax Credit (EITC)—which is definitely “income-based aid.” The EITC is a sliding-scale, income-based, refundable tax credit wherein the federal government subsidizes low-income workers with taxpayer dollars. And once they have their Social Security cards they can file for EITC benefits for up to three years retroactively.


 

  • TaxBytes-New

Copyright Institute for Policy Innovation 2017. All Rights Reserved Privacy Policy Contact IPI.

e-resources e-resources