Proposal Could Affect Money Immigrant Families Receive When Filing Taxes
· Telemundo McAllen (KTLM)
HOUSTON – A proposal from the Department of the Treasury and the Internal Revenue Service (IRS) could impact the money that some immigrant families receive when they file their taxes. The proposal seeks to restrict four tax credits for DACA recipients, TPS holders, asylum applicants, and individuals with certain non-immigrant visas. These credits are related to children, college education, and adoption, among others. According to estimates mentioned in the proposal, the change could affect up to 700,000 taxpayers nationwide. The IRS estimates that families could collectively stop receiving between $700 million and $2.6 billion. The proposal is not yet final. Taxpayers can submit comments on the proposal until October 4. A hearing is scheduled for October 14, before a decision is made on the measure. To express your opinion, please visit this website.
AI summary · Source: Telemundo McAllen (KTLM) →
