House Budget Committee Proposal to Verify Incomes of All EITC Filers Would Delay Refunds, Raise Administrative Costs, and Divert IRS Resources
September 11, 2017
September 11, 2017
WASHINGTON, Sept. 11 -- The Center on Budget & Policy Priorities issued the following news release:
The fiscal year 2018 budget plan the House Budget Committee approved in July calls for a radical change in the Earned Income Tax Credit (EITC) that could harm millions of low-income working families and cause serious problems for the IRS in processing tax returns. The budget would delay EITC payments each year until the IRS verifies every EITC filer's income.[1] This would entail . . .
The fiscal year 2018 budget plan the House Budget Committee approved in July calls for a radical change in the Earned Income Tax Credit (EITC) that could harm millions of low-income working families and cause serious problems for the IRS in processing tax returns. The budget would delay EITC payments each year until the IRS verifies every EITC filer's income.[1] This would entail . . .