FXHedge
FXHedge|Aug 19, 2026 17:24
TRUMP ADMIN AXES REFUNDABLE TAX CREDITS FOR ILLEGAL MIGRANTS, SAVING TAXPAYERS $3B The Trump administration is cutting illegal immigrants off from getting kickbacks from four major refundable tax credit programs – in a move that could save taxpayers an estimated $3 billion. The Treasury Department and IRS unveiled new rules on Wednesday to tighten the requirements for the adoption, child, American opportunity, and earned income tax credits so that only US citizens, US nationals, and qualified aliens can get them. “Under President Trump, the days of illegal aliens collecting taxpayer-funded benefits are over. The federal law is clear, and Treasury is enforcing it,” Treasury Secretary Scott Bessent said in a statement. Full article: https://www.msn.com/en-us/money/taxes/trump-admin-axes-refundable-tax-credits-for-illegal-migrants-saving-taxpayers-3b/ar-AA2asrYG?ocid=msedgntp&pc=HCTS&cvid=6a849c477658441dad6d646cd4cfdd7d&cvpid=1f762c795896428e98261fa08fc04ed0&ei=17(FXHedge)
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