business ποΈ Trump admin tightens tax credit rules for H-1B workers
The Trump administration has proposed new rules to limit refundable portions of four federal tax credits for certain foreign nationals. These regulations, from the US Treasury Department and IRS, target the adoption, child, American Opportunity, and Earned Income Tax Credits. The proposal applies PRWORA provisions, potentially impacting Indian H-1B workers depending on 'qualified alien' status. Eligibility requires taxpayers to be US citizens, nationals, or qualified aliens when first claiming the credit. These rules are only proposed and are currently seeking public comments before finalization. π§