so do we get the money every month, but then no tax credit, or is it still

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Jan 25, 2021
12:53:57pm

cougaman Intervention Needed

so do we get the money every month, but then no tax credit, or is it still

considered a tax credit?

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cougaman

Bio page: cougaman
Joined: Mar 11, 2006
Last login: May 6, 2024
Total posts: 68,683 (4,455 FO)

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Messages

Author

Time

So does Bidens child tax credit plan just give families between $3K and $3600

zerigke

1/25/21 12:37pm

It's per year and replaces the 2000 child tax credit

LiveCoug

1/25/21 12:39pm

Is it every year? We may need to rethink not having more kids.

cougaman

1/25/21 12:40pm

This year only for now. Dems want to make it more permanent however

LiveCoug

1/25/21 12:41pm

so do we get the money every month, but then no tax credit, or is it still

cougaman

1/25/21 12:53pm

Some want to do 250/300 per kid monthly, if not it will be a tax credit in full

LiveCoug

1/25/21 1:03pm

My kids are adults

Sea Chicken

1/25/21 12:39pm

Same here

85fan

1/25/21 1:14pm

Does it take place immediately or on our 2021 returns?

1/25/21 12:39pm

Has to be approved by Congress first

UNLVcougar

1/25/21 12:41pm

Any Biden move will be rubber stamped by the congress dems

Ojiisan

1/25/21 12:51pm

2021 returns if it passes. It is too late in the game to adjust retroactively.

Chester Copperpot

1/25/21 12:43pm

This only applies if you make less than $400,000/year right?

1/25/21 12:41pm

Darn if that's the case I'm out.

pinolero

1/25/21 12:42pm

I guess all the newly GME rich CB folks will be excluded then.

BYUforlife

1/25/21 12:51pm

So TNT needs to have a kid?

TNT

1/25/21 12:42pm

Unfortunately, I don't think budding is a supported method of reproduction for humans

1/25/21 12:49pm

What is someone without a job going to do with a tax credit?

cougaman

1/25/21 12:51pm

One step at a time, buddy. One step at a time.

DwigtA2RM

1/25/21 2:20pm

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