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Topic	Politics Containment Topic 155: The Democratic Senator from Alabama
Corrik 12/16/17 5:52:46 AM #284:	StealThisSheen posted... Corrik posted... So wait. What does $2000 child tax credit mean with refundability up to $1400. Is that $2000 or $1400? $1400. It's a phase-in, so it won't hit $2000 for years. And you have to make a certain amount per year to actually get that $2000. It's designed to help richer families more. So, basically, the average person will only see a very small increase over the next few years. EDIT: To explain it more easily, what it means is that you get up to $1400 back, but it's based on income at 15 cents on the dollar. Are you positive because what I read is that low income filers can be refunded $1400 under what would be $0 owed in taxes, but it goes up to $2000 if not in that scenario. --- LoL ID = imajericho XBL GT = Corrik <cite>Corrik posted [p:892314536] in Politics C... [t:76092995]...</cite> <quote><cite>StealThisSheen posted...</cite> <quote><cite>Corrik posted...</cite> <quote>So wait. What does $2000 child tax credit mean with refundability up to $1400. Is that $2000 or $1400?</quote> $1400. It's a phase-in, so it won't hit $2000 for years. And you have to make a certain amount per year to actually get that $2000. It's designed to help richer families more. So, basically, the average person will only see a very small increase over the next few years. EDIT: To explain it more easily, what it means is that you get up to $1400 back, but it's based on income at 15 cents on the dollar.</quote> Are you positive because what I read is that low income filers can be refunded $1400 under what would be $0 owed in taxes, but it goes up to $2000 if not in that scenario. --- LoL ID = imajericho XBL GT = Corrik</quote> ... Copied to Clipboard!
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