Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.
Rules for refundable tax credits could get tighter The Trump administration's proposed 2018 budget plan would tighten requirements for taxpayers claiming the earned income tax credit and the child tax credit, according to CBS Moneywatch. Under the proposed rules, taxpayers should have a Social Security number and have secured a permit to work legally in the country. Critics slam the proposed rules, saying they would prevent low-income immigrants from claiming these refundable tax breaks.
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