Anonymous ID: b3a9a5 May 17, 2021, 6:46 p.m. No.13689300   🗄️.is 🔗kun   >>9324 >>9543

SOCIALISM IS HERE ( & do Illegal Aliens qualify???)

 

STARTING IN JULY FAMILIES WILL START RECEIVING 250–300 DOLLARS PER CHILD EACH MONTH VIA DIRECT DEPOSIT

 

The Treasury Department said Monday that it will start sending out payments to nearly all families with children in the U.S. beginning on July 15, launching one of the biggest cash distribution schemes ever undertaken by the federal government.

 

The payment will cover 39 million families, according to the Treasury Department. Nearly 88 percent of children will be covered benefits their parents will automatically receive without the parents needing to take any additional action.

 

The payments are part of President Joe Biden’s $1.9 trillion coronavirus relief package, which expanded the child tax credit for one year and made it possible to pre-pay the benefits on a monthly basis.

 

“This tax cut sends a clear and powerful message to American workers, working families with children: Help is here,” Biden said in remarks at the White House.

 

Qualified families will receive a payment of up to $300 per month for each child under 6 and up to $250 per month for children between the ages of 6 and 17. The child tax credit was previously capped at $2,000 and only paid out to families with income tax obligations after they filed with the IRS.

 

But for this year, couples earning $150,000 or less can receive the full payments on the 15th of each month, in most cases by direct deposit. The benefits total $3,600 annually for children under 6 and $3,000 for those who are older. The IRS will determine eligibility based on the 2019 and 2020 tax years, but people will also be able to update their status through an online portal. The administration is also setting up another online portal for non-filers who might be eligible for the child tax credit.

 

The president has proposed an extension of the increased child tax credit through 2025 as part of his $1.8 trillion families plan. Outside analysts estimate that the payments could essentially halve child poverty. The expanded credits could cost roughly $100 billion a year.

Some have proposed that the Biden program be extended permanently, essentially creating a new federal entitlement program that would make American families far more dependent on government payments than any time in U.S. history.

 

https://www.breitbart.com/economy/2021/05/17/the-handout-that-rocks-the-cradle-88-of-kids-covered-by-monthly-payments-starting-in-july/

Anonymous ID: b3a9a5 May 17, 2021, 6:49 p.m. No.13689324   🗄️.is 🔗kun

>>13689300

Part 2

Did the IRS ever change the child tax credit for illegals claiming children they don't have, claiming 20 children living in Mexico???

 

From 2016 updated article…

 

Millions of illegal immigrants are getting a bigger tax refund than you. Eyewitness News shows a massive tax loophole that provides billions of dollars in tax credits to undocumented workers and, in many cases, people who have never stepped foot in the United States. And you are paying for it!

 

How it works

 

The Internal Revenue Service says everyone who is employed in the United States – even those who are working here illegally – must report income and pay taxes. Of course, undocumented workers are not supposed to have a social security number. So for them to pay taxes, the IRS created what's called an ITIN, an individual taxpayer identification number. A 9-digit ITIN number issued by the IRS provides both resident and nonresident aliens with a unique identification number that allows them to file tax returns.

 

While that may have seemed like a good idea, it's now backfiring in a big way.

 

Each spring, at tax preparation offices all across the nation, many illegal immigrants are now eagerly filing tax returns to take advantage of a tax loophole, using their ITIN numbers to get huge refunds from the IRS.

 

The loophole is called the Additional Child Tax Credit. It's a fully-refundable credit of up to $1000 per child, and it's meant to help working families who have children living at home.

 

But 13 Investigates has found many undocumented workers are claiming the tax credit for kids who live in Mexico – lots of kids in Mexico.

 

"We've seen sometimes 10 or 12 dependents, most times nieces and nephews, on these tax forms," the whistleblower told Eyewitness News. "The more you put on there, the more you get back."

 

The whistleblower has thousands of examples, and he brought some of them to 13 Investigates. While identifying information such as names and addresses on the tax returns was redacted, it was still clear that the tax filers had received large tax refunds after claiming additional child tax credits for many dependents.

 

"Here's a return right here: we've got a $10,3000 refund for nine nieces and nephews," he said, pointing to the words "niece" and "nephew" listed on the tax forms nine separate times.

 

"We're getting an $11,000 refund on this tax return. There's seven nieces and nephews," he said, pointing to another set of documents. "I can bring out stacks and stacks. It's just so easy it's ridiculous."

 

20 kids = $30,000

 

WTHR spoke to several undocumented workers who confirmed it is easy.

 

They all agreed to talk with WTHR investigative reporter Bob Segall and a translator as long as WTHR agreed not to reveal their identity.

 

One of the workers, who was interviewed at his home in southern Indiana, admitted his address was used this year to file tax returns by four other undocumented workers who don't even live there. Those four workers claimed 20 children live inside the one residence and, as a result, the IRS sent the illegal immigrants tax refunds totaling $29,608.

 

13 Investigates saw only one little girl who lives at that address (a small mobile home). We wondered about the 20 kids claimed as tax deductions?

 

"They don't live here," said the undocumented worker. "The other kids are in their country of origin, which is Mexico."

 

He later explained none of the 20 children have ever visited the United States – let alone lived here.

 

Other undocumented workers in Indiana told 13 Investigates the same thing. Their families are collecting tax refunds for children who do not live in this country. Several of the workers told WTHR they were told it was legal for them to claim the tax credit for a child who does not live in the United States.

 

George has repeatedly warned the IRS that additional child tax credits are being abused by undocumented workers. In 2009, his office released an audit report that showed ITIN tax filers received about $1 billion in additional child tax credits. Last year, the inspector general released a new report showing the problem now costs American tax payers more than $4.2 billion a year!

 

More at link…

 

https://www.wthr.com/article/news/investigations/13-investigates/tax-loophole-costs-billions/531-ba51f393-374c-4b11-ae94-b000a89576cc