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wiffleball

The advanced child tax credit

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4 minutes ago, Hardcore troubadour said:

Last year the CTC was 2000 per kid. Now it’s 3000, and they are giving you 1500 up front. So yeah, it’s 500 dollars less in credit at tax time per kid. I’m not geek club rich but that amount won’t “screw” me. Nor should it anyone else. Just save November’s and December’s payment and you’re  fine. I should t have said doubled. My analysis is still accurate. 

I think you're right.  I don't think anyone is gping to get killed here--if there were there would be way moe media coverage to make sure Joe DumbAzz knew what to do.  But there will be those that whine like they just lost their first born

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6 minutes ago, Hardcore troubadour said:

Last year the CTC was 2000 per kid. Now it’s 3000, and they are giving you 1500 up front. So yeah, it’s 500 dollars less in credit at tax time per kid. I’m not geek club rich but that amount won’t “screw” me. Nor should it anyone else. Just save November’s and December’s payment and you’re  fine. I should t have said doubled. My analysis is still accurate. 

I think the cutoff is less though... From 400k to 100something.... So maybe?

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8 minutes ago, Hardcore troubadour said:

Last year the CTC was 2000 per kid. Now it’s 3000, and they are giving you 1500 up front. So yeah, it’s 500 dollars less in credit at tax time per kid. I’m not geek club rich but that amount won’t “screw” me. Nor should it anyone else. Just save November’s and December’s payment and you’re  fine. I should t have said doubled. My analysis is still accurate. 

The payment is based on 2020 tax year, a covid year, where many made a lot less. If a family makes more than $150,000 this year but not last....screwed.  As some have said, many don’t want it paid early.

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I don't think it's about families getting "killed" but more of the not understanding that they are getting some of this up front. Come tax time, they will see that they only get HALF...and then they will freak. 

I can see how there might be a small percentage of families that are affected, but others will likely more be upset that they didn't realize it's an "advance." 

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16 minutes ago, TheNewGirl said:

I don't think it's about families getting "killed" but more of the not understanding that they are getting some of this up front. Come tax time, they will see that they only get HALF...and then they will freak. 

I can see how there might be a small percentage of families that are affected, but others will likely more be upset that they didn't realize it's an "advance." 

So its gonna be a huge uptick in crime in a couple years..

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1 hour ago, Alias Detective said:

The payment is based on 2020 tax year, a covid year, where many made a lot less. If a family makes more than $150,000 this year but not last....screwed.  As some have said, many don’t want it paid early.

Are you saying people that don’t pay taxes will not get this entitlement?

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48 minutes ago, Baker Boy said:

Are you saying people that don’t pay taxes will not get this entitlement?

If they filed taxes in 2020 and have dependent children regardless if they net pay in or not.

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The people who will be screwed are the poor people who use taxes as a forced savings account. These people often have multiple children and get thousands back. 

Your going to see the b1tching from people who got back 4k all of sudden getting 2k

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1 hour ago, Cdub100 said:

The people who will be screwed are the poor people who use taxes as a forced savings account. These people often have multiple children and get thousands back. 

Your going to see the b1tching from people who got back 4k all of sudden getting 2k

Good. Let them be pissed at Biden 

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1 minute ago, Hardcore troubadour said:

Good. Let them be pissed at Biden 

I agree. Unfortunately, I've learned liberals can't make that next step.

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https://www.usatoday.com/story/money/2021/07/31/child-tax-credit-stimulus-cash-check/5437500001/
 

@wiffleball is an idiot.

Did you know, for example, that some people will be stuck paying back the money next year if they received more than they're actually qualified to get each month from July through December? Others could be looking at a much smaller tax refund than they might typically expect.

We could hear from a lot of angry taxpayers once the 2022 tax filing season begins when those expecting extra-large tax refunds end up with a much smaller payout — or even owe money. 

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4 minutes ago, Alias Detective said:

https://www.usatoday.com/story/money/2021/07/31/child-tax-credit-stimulus-cash-check/5437500001/
 

@wiffleball is an idiot.

Did you know, for example, that some people will be stuck paying back the money next year if they received more than they're actually qualified to get each month from July through December? Others could be looking at a much smaller tax refund than they might typically expect.

We could hear from a lot of angry taxpayers once the 2022 tax filing season begins when those expecting extra-large tax refunds end up with a much smaller payout — or even owe money. 

I mean, you're stating the obvious. But they are effectively skyrocketing the credit. And making it fully deductible, which is a concept  most of you don't really seem to understand. But it's huge. Yeah if you received more than you should, you're going to owe money. Stating the obvious. But most won't. And if you're going to? It's easy to fix.

 

I mean Jesus man. It's not that hard. IRS even has calculators to figure out what you'll receive and what you'll owe.

 

So whatever. I'm not getting Commission on this. Educate yourself or don't.

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"Did you know, for example, that some people will be stuck paying back the money next year if they received more than they're actually qualified to get each month from July through December? "

 

oh My God! Is this some sneaky new libruhl trick,? 

 

(see, bush drumpf...)

 

lol

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10 hours ago, wiffleball said:

"Did you know, for example, that some people will be stuck paying back the money next year if they received more than they're actually qualified to get each month from July through December? "

 

oh My God! Is this some sneaky new libruhl trick,? 

 

(see, bush drumpf...)

 

lol

We could hear from a lot of angry liberals once the 2022tax filing season begins when those expecting extra-large tax refunds end up with a much smaller payout.

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Here's an excerpt of a new instruction video which teaches children to start breeding early in order to get that sweet sweet govt cash!!!  (Also serves as a stripper/wh0re vocational video.)

 

 

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3 minutes ago, DonS said:

Here's an excerpt of a new instruction video which teaches children to start breeding early in order to get that sweet sweet govt cash!!!  (Also serves as a stripper/wh0re vocational video.)

 

 

Inate

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