Current Events > attn US parents: $250-$300/month check per child starting in July

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Balrog0
05/28/21 1:02:26 PM
#1:


https://www.cnbc.com/2021/05/21/what-to-know-about-advanced-child-tax-credit-payments-start-july-15.html

The IRS will have a portal up by July 1 for you to ensure you get your money

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LostForest
05/28/21 1:06:02 PM
#2:


Fuck that. I'm jealous lol.

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g980
05/28/21 1:06:18 PM
#3:


*some US parents

Tbf
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Dat_Cracka_Jax
05/28/21 1:06:58 PM
#4:


Yep. I got three kids so I'll be making bank
Crazy to think I'll get over 10k just from this credit...feels weird

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g980
05/28/21 1:08:07 PM
#5:


This is an awesome program tho

If we want to shoot for equal opportunities, starting early with kids is the way to go
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emblem boy
05/28/21 1:08:16 PM
#6:


Good shit
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Balrog0
05/28/21 1:09:11 PM
#7:


g980 posted...
*some US parents

Tbf

It's something like 87% but congrats on being in the top 10%

Edit actually I think unless you make 400k between your and your wife you'll still get something

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TheLiarParadox
05/28/21 1:09:26 PM
#8:


nice.

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Balrog0
05/28/21 1:12:09 PM
#9:


Dat_Cracka_Jax posted...
Yep. I got three kids so I'll be making bank
Crazy to think I'll get over 10k just from this credit...feels weird

It's only for 2021, unless they decide to extend it. Call your senator

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_BIueMonk
05/28/21 1:13:14 PM
#10:


awesome my baby is coming in august

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TheVipaGTS
05/28/21 1:13:17 PM
#11:


man. its not fair that only the kid havers get extra money.

what about me!?

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Compsognathus
05/28/21 1:13:39 PM
#12:


Balrog0 posted...
It's something like 87% but congrats on being in the top 10%

Edit actually I think unless you make 400k between your and your wife you'll still get something
Yeah anyone who doesn't qualify isn't worried about it.

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g980
05/28/21 1:14:10 PM
#13:


Balrog0 posted...


It's something like 87% but congrats on being in the top 10%

Edit actually I think unless you make 400k between your and your wife you'll still get something


Yea i think we still probably get a couple bucks, #humblebtag not much tho

I get why they have reduced benefits as income climbs, but whatever someone making $399k/yr gets out of this will essentially be pocket change

But to be extra clear, im not even a little bit salty, this is a great program and i love the focus on actually supporting families with kids
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420TwiZtiD420
05/28/21 1:14:42 PM
#14:


TheVipaGTS posted...
man. its not fair that only the kid havers get extra money.

what about me!?
Be a kid haver and you can getter your moneyer

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Dat_Cracka_Jax
05/28/21 1:14:44 PM
#15:


Balrog0 posted...
It's only for 2021, unless they decide to extend it. Call your senator
Well the tax credit has been around for a couple years already. They just increased it and my it fully refundable. The tax credit in the last couple years has reduced my federal tax liability to $0.

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Esrac
05/28/21 1:16:48 PM
#16:


Sure, I could use an extra $800 - 900 a month.
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Balrog0
05/28/21 1:17:25 PM
#17:


g980 posted...
Yea i think we still probably get a couple bucks, #humblebtag not much tho

I get why they have reduced benefits as income climbs, but whatever someone making $399k/yr gets out of this will essentially be pocket change

But to be extra clear, im not even a little bit salty, this is a great program and i love the focus on actually supporting families with kids

Hell yeah.

Thanks, joe Biden

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CapnMuffin
05/28/21 1:17:28 PM
#18:


TheVipaGTS posted...
man. its not fair that only the kid havers get extra money.

what about me!?
OK take my tax credit.

and all my kid expenses

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Balrog0
05/28/21 1:21:11 PM
#19:


Dat_Cracka_Jax posted...
Well the tax credit has been around for a couple years already. They just increased it and my it fully refundable. The tax credit in the last couple years has reduced my federal tax liability to $0.

Sounds like you could really use this extra money!

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Unsugarized_Foo
05/28/21 1:25:51 PM
#20:


Isn't this just the same discount I get on taxes?

I'll pass if so. That saves my butt at tax season

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Flamer_Blue
05/28/21 1:27:09 PM
#21:


Who is paying for this?

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Balrog0
05/28/21 1:28:12 PM
#22:


Unsugarized_Foo posted...
Isn't this just the same discount I get on taxes?

I'll pass if so. That saves my butt at tax season


Only 50% will be paid out in advance, which means when combined with the 50% increase to the overall credit that you'll still get back almost as much when you file taxes anyway.

Though tbf it's optional if you want to do that. Check the portal in July!

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Balrog0
05/28/21 1:42:33 PM
#23:


damn I love these tax credits

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Dat_Cracka_Jax
05/28/21 1:55:37 PM
#24:


Balrog0 posted...
Sounds like you could really use this extra money!
Not really. I'll take it though. My wife is stay at home and I make around 75k. We live a pretty comfortably frugal life.

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Agnostic420
05/28/21 2:18:17 PM
#25:


isnt it just a forward on the normal tax credit as it is?

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Lonestar2000
05/28/21 2:20:47 PM
#26:


Everyone should get this, not just parents.

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Balrog0
05/28/21 2:21:05 PM
#27:


Agnostic420 posted...
isnt it just a forward on the normal tax credit as it is?

No. As has been stated earlier on itt, the credit increased and it became fully refundable. Also, not mentioned, they got rid of all of the phase-in elements. The credit previously excluded many low-income households

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Balrog0
05/28/21 2:23:02 PM
#28:


Lonestar2000 posted...
EveRyone should get this, not just parents.

Kids need it most. They did also change the EITC to help more childless workers though

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Drpooplol
05/28/21 2:24:57 PM
#29:


Hell yeah I'm hyped. I had a kid just in time. I'm also going to get a retroactive stimulus payment on next year's taxes for the last payment even though he wasn't born quite yet.

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Joeydollaz
05/28/21 2:29:26 PM
#30:


Wu-Tang is for the Children

never forget

https://youtu.be/IHaPd27-c0k?t=22

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CommonStar
05/28/21 2:30:57 PM
#31:


This is great. It's not much as kids are expensive as fuck, but it's still nice.
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ROOTFayth
05/28/21 2:31:53 PM
#32:


Dat_Cracka_Jax posted...
Yep. I got three kids so I'll be making bank
Crazy to think I'll get over 10k just from this credit...feels weird
lol "making bank"

slight exageration :D
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littlebro07
05/28/21 2:33:04 PM
#33:


My wife is due on January 2nd lol

maybe itll get extended. That would help so damn much with a newborn. Already gonna be taking a roughly $160 hit each month from adding it to my insurance.

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Eramir
05/28/21 2:37:28 PM
#34:


Awesome.

Thank Joe Biden for that one.
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Balrog0
05/28/21 2:38:10 PM
#35:


Eramir posted...
Awesome.

Thank Joe Biden for that one.

Balrog0 posted...
Hell yeah.

Thanks, joe Biden


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Dat_Cracka_Jax
05/28/21 2:45:00 PM
#36:


CommonStar posted...
This is great. It's not much as kids are expensive as fuck, but it's still nice.
We have been very fortunate to have children in good health. They really were no where near as expensive as I thought they'd be so far

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Broseph_Stalin
05/28/21 3:03:54 PM
#37:


remember when progressives attacked this stimulus bill because it didn't give them an extra $600 to buy a PS5 or whatever lmao

cutting child poverty in half sounds good to me though
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Balrog0
05/28/21 3:39:08 PM
#38:


Broseph_Stalin posted...
cutting child poverty in half sounds good to me though

hell yeah it does! hope they make it permanent! c'mon dems!

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