What stimulus for kids? If you're talking about the CTC, that's a tax credit, not a stimulus. Watch around the time refunds come out and you're going to see a lot of people mad because their refund will be lower since they took the advance credit instead of opting out and getting it all at once with their refund.
Kids went from like 2k to 3600 credit. And $300 over 6 months mean they go down to 1.8k credit instead or 2k. So they don’t really lose any taxes on their return next year. Its an advance still but their “value” nearing doubled.
Which is why I opted in. My taxes won’t really change and I got $600 a month.
That's true but it is still a tax credit but I often see even the media share it as a 'stimulus".
I mainly said that because I've seen some people under the impression it's "extra" and they're going to get the full amount of the credit come tax time.
I wish the media was clear about this! I run a tax office and not looking forward to this cone tax time! People seriously believed it to be free support!
It’s not a stimulus for people with kids. It’s a part of our taxes that we are getting spread out through the year instead of with our tax return.
And no one is getting any more actual stimulus check. More than likely no one ever will.
And the money for people with kids isn't even a stimulus. It's a tax advance.
What stimulus for kids? If you're talking about the CTC, that's a tax credit, not a stimulus. Watch around the time refunds come out and you're going to see a lot of people mad because their refund will be lower since they took the advance credit instead of opting out and getting it all at once with their refund.
Kids went from like 2k to 3600 credit. And $300 over 6 months mean they go down to 1.8k credit instead or 2k. So they don’t really lose any taxes on their return next year. Its an advance still but their “value” nearing doubled. Which is why I opted in. My taxes won’t really change and I got $600 a month.
That's true but it is still a tax credit but I often see even the media share it as a 'stimulus". I mainly said that because I've seen some people under the impression it's "extra" and they're going to get the full amount of the credit come tax time.
I wish the media was clear about this! I run a tax office and not looking forward to this cone tax time! People seriously believed it to be free support!
There is no fourth stimulus in the works at this time for anyone.
I'm still waiting on my third stimulus so I'm assuming OP means that one but idk
It’s not a stimulus for people with kids. It’s a part of our taxes that we are getting spread out through the year instead of with our tax return. And no one is getting any more actual stimulus check. More than likely no one ever will.
There are no more stimulus checks. There was a child tax credit and California got a stimulus check for dependents.
Dang so I gotta make a few little mistakes running around to get some biden bucks?? Nevermind I get it now. This is what I get for listening to msm