NEW: Monthly child tax credit payments to start hitting bank accounts July 15

[The Intergalactic Koala]

Broke nikkaz stand up

As soon as I'm able to put my paws on this log I'll stand up

 

[The Intergalactic Koala]

Damn who hurt you ?

Breh my son is a pain in the ass but yeesh

 

[CrimsonTider]

So we won’t be able to claim it come tax season next year?

Brehs tax payment as bout to pop up next year.

I don’t understand your last sentence


It’s 3,600 tax credit per child. You are getting $300 per month per child from July to December this year and the rest on next years tax return

3600 per child

1800 paid from July to December in $300 installments

1800 in your taxes next year

Biden

 

[raul04]

#BothSides

Great you're spamming us again. fukk I had hoped you're whole crew would go away. Also take of India first Patel

 

[UserNameless]

Breh my son is a pain in the ass but yeesh

Homeboy premeditatedly and deliberately fixed his coli fingers to post that kinda hate ... regarding children and families at that

 

[Spence]

So we won’t be able to claim it come tax season next year?

Brehs tax payment as bout to pop up next year.

Nah, basically they are giving you half nowbupfront and half at tax time. Nothing due just half the amount of the regular credit you would get during tax time. You can opt out of it and get the lump sum if you want. No clue why you would opt out though

 

[Spence]

Is this another one of those if you make a certain amount, you don’t get it?

Correct

 

[☑︎#VoteDemocrat]

#DemocratsDidThat
#RepublicansDidNothing
#BothSides

 

[levitate]

Nah, basically they are giving you half nowbupfront and half at tax time. Nothing due just half the amount of the regular credit you would get during tax time. You can opt out of it and get the lump sum if you want. No clue why you would opt out though

If you are getting half credit now, and getting half credit at tax time…wouldn’t your taxable income increase at tax time relative to you not getting any credit now?

 

[CrimsonTider]

If you are getting half credit now, and getting half credit at tax time…wouldn’t your taxable income increase at tax time relative to you not getting any credit now?

A tax credit is not taxable

 

[levitate]

A tax credit is not taxable

Right. But it reduces your taxable income.

Thus for example if you normally get $3000 in credit at tax time, next year you will only get $1500…? Thus your taxable income will be greater?

Or maybe I have no idea what the fukk I’m talking about…?

 

[Ya' Cousin Cleon]

these anti-social, self loathing clowns only exposure to black families with kids is social media and whatever a famous person kid is doing

maybe a headline to an article they won't read and that's it.

meanwhile any family function/gathering they avoid like the plague and wonder why they ass out of the loop

the rest of us out here doing the damn thing even the lil brehs younger than me stepping up to the plate.

I find it funny that so called Black ppl diss other Black ppl for havin kids and the fact they think every Black person with kids is struggling




We good over here

 

[CrimsonTider]

Right. But it reduces your taxable income.

Thus for example if you normally get $3000 in credit at tax time, next year you will only get $1500…? Thus your taxable income will be greater?

Or maybe I have no idea what the fukk I’m talking about…?

Yeah you’re getting not going to be able to claim the full credit on next years tax return, only half

 

[Pseudonym]

What’s the budget cap? And which income year are they looking at?

 

[levitate]

Yeah you’re getting not going to be able to claim the full credit on next years tax return, only half