Can’t rally send it back. You need to opt out of payments though.

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Jul 22, 2021
10:23:24am

ThreatLevelMidnight Contributor

Can’t rally send it back. You need to opt out of payments though.

Just deposit it and take into account on your 2021 tax return.

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ThreatLevelMidnight

Previous username: bous44for49
Bio page: ThreatLevelMidnight
Joined: Aug 31, 2010
Last login: May 22, 2024
Total posts: 1,222 (58 FO)

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Messages

Author

Time

I just got a $695 advance child tax credit payment. Is this dependent on income?

Iman23

7/22/21 10:21am

Can’t rally send it back. You need to opt out of payments though.

ThreatLevelMidnight

7/22/21 10:23am

My recommendation is to put it into a separate account labeled "future taxes" and earn $1.25 interest. Before you pay it

7/22/21 10:24am

RE: I just got a $695 advance child tax credit payment. Is this dependent on

mycketchicken

7/22/21 10:27am

Yes, there are phaseouts on income. If you think you won't qualify based on

rggee

7/22/21 10:30am

I filed my taxes this year, and I didn’t bother opting out

JOPE

7/22/21 10:33am

Your income isn't likely high enough to phase out of the normal 2k per kid (it's

rggee

7/22/21 10:35am

Yes, I did the math in my head and it looks like they’re just a giving me my

JOPE

7/22/21 10:36am

Same boat. Don't think I qualify but got my $700 check mailed this week.

camp_chef

7/22/21 10:36am

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