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      03-15-2016, 09:08 PM   #1152
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Drives: 2012 135i M Sport E88
Join Date: Jan 2016
Location: Carmel, CA

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Originally Posted by bbbbmw View Post
Just to be clear, Obama relaxed the rules on the EITC and Additional Child Tax Credit (ACTC). You no longer need a social security number to file your taxes - as an illegal you can use an ITIN. you can also now claim your kids that don't live in the US. There's of course no way for the IRS to verify where the kids love, or even if the kids even exist. The program fraud is off the charts - it was $4.1B several years ago, according to the OIG.

Gracias, Obama!!
You are somewhat right, but not completely and you are over simplifying it. I agree, this has to be changed, but you can't blame it all on Obama, who signed a temporary extension in 2009. Bush's 2001 tax cuts made more parents eligible for refundable credits, and increased the amount in steps to $1,000 per child. It's been debated back and forth since then.

If you really want to wade through this whole thing, here is a good explanation of it.