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Some people have no clue on child tax credit. #7306803
07/15/21 05:23 PM
07/15/21 05:23 PM
Joined: Dec 2018
Posts: 5,214
Crivitz WI
Sprung & Rusty Offline OP
trapper
Sprung & Rusty  Offline OP
trapper

Joined: Dec 2018
Posts: 5,214
Crivitz WI
IT'S NOT EXTRA FREE MONEY PEOPLE. IT'S BEEN AROUND FOR YEARS. INSTEAD OF CLAIMING IT ON YOUR TAXES, THEY ARE DISTRIBUTING IT NOW INSTEAD OF AT TAX TIME.. SO THOSE WHO DONT TURN IT DOWN, WILL GET A SMALLER REFUND!!!!!! DO YOU GET IT NOW?????


No Jab.
Re: Some people have no clue on child tax credit. [Re: Sprung & Rusty] #7306807
07/15/21 05:30 PM
07/15/21 05:30 PM
Joined: Sep 2016
Posts: 6,518
MB
J
Jurassic Park Offline
trapper
Jurassic Park  Offline
trapper
J

Joined: Sep 2016
Posts: 6,518
MB
Originally Posted by Sprung & Rusty
IT'S NOT EXTRA FREE MONEY PEOPLE. IT'S BEEN AROUND FOR YEARS. INSTEAD OF CLAIMING IT ON YOUR TAXES, THEY ARE DISTRIBUTING IT NOW INSTEAD OF AT TAX TIME.. SO THOSE WHO DONT TURN IT DOWN, WILL GET A SMALLER REFUND!!!!!! DO YOU GET IT NOW?????


Why are you so upset about this if they’re handing it out in 12 smaller amounts instead of 1 large amount?

This isn’t costing you anymore then it has over the years.

What’s with all the complaining all of a sudden.

12 smaller amounts rather than 1 large amount is better anyways. Happy for all the American families that will benefit from this.


Cold as ice!
Re: Some people have no clue on child tax credit. [Re: Sprung & Rusty] #7306808
07/15/21 05:30 PM
07/15/21 05:30 PM
Joined: Dec 2006
Posts: 9,032
Coldspring Texas
Savell Offline
"Wilbur"
Savell  Offline
"Wilbur"

Joined: Dec 2006
Posts: 9,032
Coldspring Texas
... the amount per child has been increased... so technically it is paying less than before in income tax if you work....extra free money if you don’t ... either way more money for those with children under a certain age for people under a certain income

... here’s a fat Bobcat

[Linked Image]


Insert profound nonsense here
Re: Some people have no clue on child tax credit. [Re: Jurassic Park] #7306809
07/15/21 05:32 PM
07/15/21 05:32 PM
Joined: Dec 2018
Posts: 5,214
Crivitz WI
Sprung & Rusty Offline OP
trapper
Sprung & Rusty  Offline OP
trapper

Joined: Dec 2018
Posts: 5,214
Crivitz WI
Originally Posted by Jurassic Park
Originally Posted by Sprung & Rusty
IT'S NOT EXTRA FREE MONEY PEOPLE. IT'S BEEN AROUND FOR YEARS. INSTEAD OF CLAIMING IT ON YOUR TAXES, THEY ARE DISTRIBUTING IT NOW INSTEAD OF AT TAX TIME.. SO THOSE WHO DONT TURN IT DOWN, WILL GET A SMALLER REFUND!!!!!! DO YOU GET IT NOW?????


Why are you so upset about this if they’re handing it out in 12 smaller amounts instead of 1 large amount?

This isn’t costing you anymore then it has over the years.

What’s with all the complaining all of a sudden.

12 smaller amounts rather than 1 large amount is better anyways. Happy for all the American families that will benefit from this.


I'm not upset. I have no horse in this race, but in the other thread, some people are under the impression it's more handout money. It's not.


No Jab.
Re: Some people have no clue on child tax credit. [Re: Sprung & Rusty] #7306810
07/15/21 05:38 PM
07/15/21 05:38 PM
Joined: Apr 2010
Posts: 3,912
Ohio
S
stinkypete Offline
trapper
stinkypete  Offline
trapper
S

Joined: Apr 2010
Posts: 3,912
Ohio
My understanding they are going by your previous tax return. PREVIOUS!!!!! So if you continue to work in 2021 then all good. But way to trusting in my opinion. And if the tax payer decides not to work. What is the plan to collect??? NONE!

Re: Some people have no clue on child tax credit. [Re: Sprung & Rusty] #7306811
07/15/21 05:39 PM
07/15/21 05:39 PM
Joined: Jan 2018
Posts: 15
PA
H
huji Offline
trapper
huji  Offline
trapper
H

Joined: Jan 2018
Posts: 15
PA
This isn't the only thing people have no clue about.


RICHARD J COVOLO
Re: Some people have no clue on child tax credit. [Re: Sprung & Rusty] #7306812
07/15/21 05:40 PM
07/15/21 05:40 PM
Joined: Dec 2006
Posts: 29,751
williamsburg ks
D
danny clifton Offline
"Grumpy Old Man"
danny clifton  Offline
"Grumpy Old Man"
D

Joined: Dec 2006
Posts: 29,751
williamsburg ks
That is a fat bobcat. Nice. I saw a dead one on the shoulder a few days ago. 4 hours later it had disappeared. Summer hair and all. I am getting itchy. Ready to wander around outdoors in some nice cold weather. So far at least summer hasn't been awful. has not hit 100 here yet.


Those who would give up essential liberty, to purchase a little temporary safety, deserve neither liberty nor safety. Benjamin Franklin (1706-1790)
Re: Some people have no clue on child tax credit. [Re: danny clifton] #7306814
07/15/21 05:41 PM
07/15/21 05:41 PM
Joined: Dec 2018
Posts: 5,214
Crivitz WI
Sprung & Rusty Offline OP
trapper
Sprung & Rusty  Offline OP
trapper

Joined: Dec 2018
Posts: 5,214
Crivitz WI
Originally Posted by danny clifton
That is a fat bobcat. Nice. I saw a dead one on the shoulder a few days ago. 4 hours later it had disappeared. Summer hair and all. I am getting itchy. Ready to wander around outdoors in some nice cold weather. So far at least summer hasn't been awful. has not hit 100 here yet.

Me too. I have some preplanned sets already. Can't wait to get them out.


No Jab.
Re: Some people have no clue on child tax credit. [Re: Sprung & Rusty] #7306819
07/15/21 05:47 PM
07/15/21 05:47 PM
Joined: Dec 2008
Posts: 28,715
Eastern Shore of Maryland
HobbieTrapper Offline
"Chippendale Trapper"
HobbieTrapper  Offline
"Chippendale Trapper"

Joined: Dec 2008
Posts: 28,715
Eastern Shore of Maryland
So the tax credit is $3,000 a year per child?

Is the $250 a month going to be viewed as income?


-Goofy-
Re: Some people have no clue on child tax credit. [Re: Sprung & Rusty] #7306829
07/15/21 06:00 PM
07/15/21 06:00 PM
Joined: Mar 2020
Posts: 7,217
W NY
Turtledale Offline
trapper
Turtledale  Offline
trapper

Joined: Mar 2020
Posts: 7,217
W NY
Originally Posted by Sprung & Rusty
IT'S NOT EXTRA FREE MONEY PEOPLE. IT'S BEEN AROUND FOR YEARS. INSTEAD OF CLAIMING IT ON YOUR TAXES, THEY ARE DISTRIBUTING IT NOW INSTEAD OF AT TAX TIME.. SO THOSE WHO DONT TURN IT DOWN, WILL GET A SMALLER REFUND!!!!!! DO YOU GET IT NOW?????

It's gone from $2000 to $3500 this year that is a lot of free extra moolah


NYSTA, NTA, FTA, life member Erie county trappers assn.,life member Catt.county trappers
Re: Some people have no clue on child tax credit. [Re: Sprung & Rusty] #7306832
07/15/21 06:04 PM
07/15/21 06:04 PM
Joined: Jun 2012
Posts: 3,829
KY.usa
rex123 Offline
trapper
rex123  Offline
trapper

Joined: Jun 2012
Posts: 3,829
KY.usa
Heard on the news that people that don't work or file taxes are eligible. So I believe that is a difference?

Re: Some people have no clue on child tax credit. [Re: Sprung & Rusty] #7306833
07/15/21 06:05 PM
07/15/21 06:05 PM
Joined: Feb 2014
Posts: 13,059
Ky
J
jbyrd63 Offline
trapper
jbyrd63  Offline
trapper
J

Joined: Feb 2014
Posts: 13,059
Ky
Originally Posted by Sprung & Rusty
IT'S NOT EXTRA FREE MONEY PEOPLE. IT'S BEEN AROUND FOR YEARS. INSTEAD OF CLAIMING IT ON YOUR TAXES, THEY ARE DISTRIBUTING IT NOW INSTEAD OF AT TAX TIME.. SO THOSE WHO DONT TURN IT DOWN, WILL GET A SMALLER REFUND!!!!!! DO YOU GET IT NOW?????

You are somewhat correct but not totally. IF a mother of 6 with 3 under 6 HAS NEVER WORKED. Or works for a low paying job. She will draw more per month than most retired people that worked all there life.

3 Times 300 per month = 900
3 times 250 per month= 750
1650 bucks a month "tax credit" LOL LOL It will be deposited into her account using the same routing numbers as the stimulus checks. Hence "FREE" money
It is no longer is a credit if it equals more than your income !!!! IT IS FREE HAND OUTS !!!!!!!!!!!!!!!!!!
my son and daughter in law have a 9 and 6 year old. They got a letter wanting to know if they wanted it per month or lump sum added to their taxes. IT IS in Addition to the tax credits already in place.

Last edited by jbyrd63; 07/15/21 06:10 PM.
Re: Some people have no clue on child tax credit. [Re: Sprung & Rusty] #7306834
07/15/21 06:06 PM
07/15/21 06:06 PM
Joined: Feb 2014
Posts: 13,059
Ky
J
jbyrd63 Offline
trapper
jbyrd63  Offline
trapper
J

Joined: Feb 2014
Posts: 13,059
Ky
Plus BOBO will make it tax exempt mark it down

Re: Some people have no clue on child tax credit. [Re: jbyrd63] #7306843
07/15/21 06:13 PM
07/15/21 06:13 PM
Joined: Dec 2006
Posts: 11,296
East-Central Wisconsin
B
bblwi Offline
trapper
bblwi  Offline
trapper
B

Joined: Dec 2006
Posts: 11,296
East-Central Wisconsin
The fact that they are now monthly in payment instead of in a lump sum changes how they will be spent or utilized. Yes there are increases in amounts, time frames and also adjustments that give the higher rates even if there are not offsetting taxes. For all those that will receive these payments it is almost certain that most of it will be used in living better, upgrading household items etc. The upper income families with children may well be able to save some or all or reduce debt etc. The 100 Billion or so will most likely increase the cost of ordinary items and typical living expenses which will be not so good for those not receiving those payments. We are adding a lot of liquidity to our economy and as has always been typical of our materialistic culture we are spending like crazy. I can see credit card bills going up because buying sprees typically never end when the cash gets tight.

Bryce

Re: Some people have no clue on child tax credit. [Re: Sprung & Rusty] #7306846
07/15/21 06:18 PM
07/15/21 06:18 PM
Joined: Apr 2009
Posts: 298
Oregon
R
RockCrick Offline
trapper
RockCrick  Offline
trapper
R

Joined: Apr 2009
Posts: 298
Oregon
I can just see the screaming now when people realize they won’t get the huge windfall to squander at tax return time. If i sell a toy like an ATV or something I always wait until about March when all the people with kids blow their refunds on stuff they don’t need.

Re: Some people have no clue on child tax credit. [Re: Sprung & Rusty] #7306847
07/15/21 06:20 PM
07/15/21 06:20 PM
Joined: Dec 2010
Posts: 34,761
Central, SD
Law Dog Offline
trapper
Law Dog  Offline
trapper

Joined: Dec 2010
Posts: 34,761
Central, SD
Is this the same tax credit that people get that don’t pay in on it like in past years like welfare types?


Was born in a Big City Will die in the Country OK with that!

Jerry Herbst
Re: Some people have no clue on child tax credit. [Re: bblwi] #7306849
07/15/21 06:22 PM
07/15/21 06:22 PM
Joined: Dec 2008
Posts: 113
MN
V
v2k Offline
trapper
v2k  Offline
trapper
V

Joined: Dec 2008
Posts: 113
MN
The number of families eligible increased also. A couple making $150,000 will get these payments now. The payments went up and the number of people eligible went up.

Re: Some people have no clue on child tax credit. [Re: Law Dog] #7306850
07/15/21 06:24 PM
07/15/21 06:24 PM
Joined: Dec 2006
Posts: 11,296
East-Central Wisconsin
B
bblwi Offline
trapper
bblwi  Offline
trapper
B

Joined: Dec 2006
Posts: 11,296
East-Central Wisconsin
Most that received child tax credits in the past paid taxes and the credits reduced their total due, some probably received a refund but it was not more then the taxes paid in unless other factors were met. No this is not the same as the EIC or Earned Income credit where the credit was based on a level of earned income up to a specific level, the number and age of the children. This credit could exceed any taxes paid and no persons on welfare did not receive EIC as assistance payments are not earned income. They however may have qualified for credits based on other factors.

Bryce

Re: Some people have no clue on child tax credit. [Re: Sprung & Rusty] #7306864
07/15/21 06:52 PM
07/15/21 06:52 PM
Joined: Dec 2006
Posts: 3,198
Midlands South Carolina
S
SGT. C Offline
trapper
SGT. C  Offline
trapper
S

Joined: Dec 2006
Posts: 3,198
Midlands South Carolina
More or less a watered down welfare system. Gov will pay ya for popping out kids. I was raised that if you couldn't afford them. Then keep your pants on. Sarge


Getting old is a fatal mistake

Always looking for reloading componets

I know a beaver or two, because I've seen a beaver or two
Re: Some people have no clue on child tax credit. [Re: SGT. C] #7306868
07/15/21 06:57 PM
07/15/21 06:57 PM
Joined: Sep 2016
Posts: 6,518
MB
J
Jurassic Park Offline
trapper
Jurassic Park  Offline
trapper
J

Joined: Sep 2016
Posts: 6,518
MB
Originally Posted by SGT. C
More or less a watered down welfare system. Gov will pay ya for popping out kids. I was raised that if you couldn't afford them. Then keep your pants on. Sarge


Where’s the fun in that!? Lol


Cold as ice!
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