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Jun 19, 2021
9:09
:07
pm
Great38
All-American
So the new child tax credit is a done deal, huh?
I just got a letter from the IRS about receiving advance payments for 2021 starting in July. That's a lot of money. Should I quit my job?
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Great38
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Great38
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Aug 30, 2013
Last login
May 8, 2024
Total posts
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Related Threads
Children:
Any good reason to go in and unenroll from the monthly advance child tax credit payments?
(supertux, Jun 24, 2021 at 7:55pm)
Messages
Author
Time
So the new child tax credit is a done deal, huh?
Great38
6/19/21 9:09pm
Done deal for 2021 but not permanent, though Dems will try to make it permanent
Martin Van Nostrand
6/19/21 9:10pm
Or find a new job where you make more money and don’t get an advanced payment
WDaddy
6/19/21 9:10pm
What was the cutoff for this one?
MormonThug
6/19/21 9:21pm
150k if married filing jointly, I believe.
Great38
6/19/21 9:33pm
That’s when it starts phasing out.
oohYeah
6/19/21 9:38pm
What are the changes?
BlueBlood94
6/19/21 9:39pm
Child tax credit increases from $2k per kid to $3600 per kid under 6 years old, and $3k per kid 6 to 17 years old. Half
RootieBoy
6/19/21 9:48pm
What if I had my first kid this year? Will i get the whole amount on next years?
SWKTDweller
6/19/21 9:54pm
Yes. You will get a $3600 tax credit when you file your 2021 taxes next year.
RootieBoy
6/19/21 10:08pm
Portal to update for changes in 2021 is supposed open on IRS.gov early July.
Narfin'Coug
6/19/21 11:04pm
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