|
Replies: 27
| visibility 740
|
Heisman Winner [105590]
TigerPulse: 100%
Posts: 65205
Joined: 12/2/02
|
Can someone with some sense explain what the "new"
Mar 10, 2021, 12:47 PM
|
|
child tax credit is versus the old one.
I sweater gawd I read something about monthly payments for having fucktrophies. Does anyone know how this works with the new COVID bill?
|
|
|
|
 |
All-In [46825]
TigerPulse: 100%
Posts: 30731
Joined: 8/11/15
|
A lot divided by one
Mar 10, 2021, 12:50 PM
|
|
vs.
A little more divided by 12.
I actually have no clue
|
|
|
|
|
|
Lot o points [163012]
TigerPulse: 100%
Posts: 31933
Joined: 1/17/07
|
They don't know yet.
Mar 10, 2021, 12:53 PM
|
|
"How will I receive the money under the Child Tax Credit?
Details of how — and how often — the money will be sent by the IRS still need to be worked out.
The stimulus measure directs the Treasury Department to advance these payments “periodically,” which most likely will mean monthly, but we’ll need confirmation from that agency and the IRS in the weeks ahead, Watson pointed out."
But here is the cash amounts:
"The payment would be based on a parent’s 2019 or 2020 federal return, whichever is the most recent available to the IRS.
The higher child tax credit payments will go to the younger children. So, it’s $300 per month ($3,600 per year) for infants to age 5. For ages 6 to 17 it’s $250 ($3,000 per year), Watson explained."
|
|
|
|
|
|
Lot o points [163012]
TigerPulse: 100%
Posts: 31933
Joined: 1/17/07
|
Son of will be loving this.
Mar 10, 2021, 12:54 PM
|
|
No wonder they want another babie.
|
|
|
|
|
|
Heisman Winner [105590]
TigerPulse: 100%
Posts: 65205
Joined: 12/2/02
|
Yeah, if they don't phase us out due to income, Imma be
Mar 10, 2021, 12:57 PM
|
|
mafuggin RICH, BITCH
jk, but it will be nice.
|
|
|
|
|
|
Lot o points [163012]
TigerPulse: 100%
Posts: 31933
Joined: 1/17/07
|
Here ya go
Mar 10, 2021, 12:57 PM
|
|
The credit phases out for individuals with adjusted gross income of more than $75,000, $112,500 for head of household, and couples with more than $150,000.
|
|
|
|
|
|
Lot o points [163012]
TigerPulse: 100%
Posts: 31933
Joined: 1/17/07
|
Day care credit going up also.
Mar 10, 2021, 12:58 PM
|
|
The tax credit for child and dependent care would increase for 2021 from a maximum of $1,050 for one child and $2,100 for two or more children to $4,000 and $8,000. The credit would also be fully refundable, which means you get a refund, even if it’s more than what you owe.
|
|
|
|
|
|
Heisman Winner [105590]
TigerPulse: 100%
Posts: 65205
Joined: 12/2/02
|
Phases out completely at $150?
Mar 10, 2021, 1:00 PM
[ in reply to Here ya go ] |
|
|
|
|
|
|
|
Lot o points [163012]
TigerPulse: 100%
Posts: 31933
Joined: 1/17/07
|
From a quick scan, that is the start of the phase out
Mar 10, 2021, 1:02 PM
|
|
did not see the complete phase out ceiling yet.
|
|
|
|
|
|
Oculus Spirit [85339]
TigerPulse: 100%
Posts: 24920
Joined: 5/21/14
|
I don't think so, Tim
Mar 10, 2021, 1:31 PM
[ in reply to Phases out completely at $150? ] |
|
So old tax credit was $2K per kid and it maxes out at $400K filing jointly.
I think it would stay there for 2021?
|
|
|
|
|
|
Oculus Spirit [85339]
TigerPulse: 100%
Posts: 24920
Joined: 5/21/14
|
BEST answer I found
Mar 10, 2021, 1:34 PM
[ in reply to Phases out completely at $150? ] |
|
Says it gets phased out from $150K to 170K but you still get the original amount of $2K per kid if you go over $170.
From there, the credit would be reduced by $50 for every additional $1,000 of adjusted gross income earned. That means the $3,000 credit provided to parents of children aged 6 to 17 would be phased out completely for individuals earning $95,000 and those making $170,000 and filing jointly.
Families that are ineligible for the new $3,000 credit due to earning higher adjusted gross incomes would still be able to claim the $2,000 per child credit which is available to those making up to $200,000 ($400,000 for married couples filing jointly).
https://www.cnbc.com/2021/03/09/how-3000-dollar-child-tax-credit-works.html
|
|
|
|
|
|
Hall of Famer [22331]
TigerPulse: 100%
Posts: 7576
Joined: 3/3/99
|
They're tossing you a couple hundred bucks to offset the fact
Mar 10, 2021, 12:55 PM
|
|
that some things have now been stretched beyond future usability. If you chit a watermelon, would you ever expect your buttwhole to pucker again? Of course not.
|
|
|
|
|
|
Heisman Winner [105590]
TigerPulse: 100%
Posts: 65205
Joined: 12/2/02
|
Ever had sex?***
Mar 10, 2021, 1:00 PM
|
|
|
|
|
|
|
|
Hall of Famer [22331]
TigerPulse: 100%
Posts: 7576
Joined: 3/3/99
|
Of course not. I have a micropenis, or an "innie" as we used
Mar 10, 2021, 1:05 PM
|
|
to call it back in the day. I thought this had been discussed previously.
|
|
|
|
|
|
Heisman Winner [105590]
TigerPulse: 100%
Posts: 65205
Joined: 12/2/02
|
What you need is a grapefruit and a microwave***
Mar 10, 2021, 1:09 PM
|
|
|
|
|
|
|
|
Hall of Famer [22331]
TigerPulse: 100%
Posts: 7576
Joined: 3/3/99
|
f%#k me... maybe day drinking and posting is not my strong
Mar 10, 2021, 1:13 PM
|
|
suit... my sense of humor gets more bizarre by the hour. I apologize.
|
|
|
|
|
|
All-In [43730]
TigerPulse: 100%
Posts: 18100
Joined: 4/24/15
|
It’s for new children. Not old ones.***
Mar 10, 2021, 12:58 PM
|
|
|
|
|
|
|
|
Heisman Winner [105590]
TigerPulse: 100%
Posts: 65205
Joined: 12/2/02
|
Oh, OK...I gotta sell some kids
Mar 10, 2021, 1:01 PM
|
|
jk, phteven
|
|
|
|
|
|
All-TigerNet [12270]
TigerPulse: 100%
Posts: 12594
Joined: 12/1/03
|
the new tax credit is for newbon infants and the old one
Mar 10, 2021, 1:01 PM
|
|
is for all the kids you you already have with each baby mama.
|
|
|
|
|
|
CU Medallion [54011]
TigerPulse: 100%
Posts: 21055
Joined: 11/6/14
|
When you say “new one”, you talking the one that not quite approved?
Mar 10, 2021, 1:03 PM
|
|
Difference is simple. For poor folks it’s an extra $1,000 to $1,600 per child. If your kids are under 6 years of age, the government thinks they cost more. They’ve never had to pay to feed a teenager. Focus on the numbers. Pay no attention to the useless details. Just get the money. As much as you can.
|
|
|
|
|
|
Heisman Winner [105590]
TigerPulse: 100%
Posts: 65205
Joined: 12/2/02
|
I ran the numbers for my SiL the other day and figured she
Mar 10, 2021, 1:07 PM
|
|
stands to net about $20k in additional monies from the 3rd stimmy and the new child tax credit. They need some extra cash, for sure. Hopefully they are smart with it. I bet they get a newer vehicle though, even though that wouldn't be real smart with it.
|
|
|
|
|
|
All-In [46825]
TigerPulse: 100%
Posts: 30731
Joined: 8/11/15
|
Jesus Christ how many kids does she have?***
Mar 10, 2021, 1:10 PM
|
|
|
|
|
|
|
|
Heisman Winner [105590]
TigerPulse: 100%
Posts: 65205
Joined: 12/2/02
|
4. 9,10,11,and 12
Mar 10, 2021, 1:24 PM
|
|
$1400 x 6 for the family stimmy = $8,400
$3000 x 4 for the kids = $12,000
$20,400.00 in free money to be paid back in the next 3 tax cycles by Ineligible user® (sorry man, had to tag you in this one, it sucks, I know, I pay alot in taxes too)
|
|
|
|
|
|
All-In [46825]
TigerPulse: 100%
Posts: 30731
Joined: 8/11/15
|
So she went on a dink bender for 4 years then waited
Mar 10, 2021, 1:26 PM
|
|
5 before hopping back in the saddle one more time
Nioce.
|
|
|
|
|
|
Heisman Winner [105590]
TigerPulse: 100%
Posts: 65205
Joined: 12/2/02
|
No, she has FOUR kids, their ages are 9,10,11, and 12. Two
Mar 10, 2021, 1:31 PM
|
|
are Irish twins (I think that is the mildly racist name for kids born in same year). When she had babby 4, she made it where she could never have kids again. Her husband refused to get worked on. I think he is saving some spermies in case she finally leaves him and he needs to make more babbies.
|
|
|
|
|
|
Oculus Spirit [79429]
TigerPulse: 100%
Posts: 63272
Joined: 10/30/05
|
|
|
|
|
|
Oculus Spirit [81061]
TigerPulse: 100%
Posts: 56140
Joined: 9/13/04
|
I'll explain it
Mar 10, 2021, 1:04 PM
|
|
higher taxes next year
|
|
|
|
|
|
Heisman Winner [105590]
TigerPulse: 100%
Posts: 65205
Joined: 12/2/02
|
Duh
Mar 10, 2021, 1:08 PM
|
|
Gov't things
|
|
|
|
|
|
Replies: 27
| visibility 740
|
|
|
50
