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Re: This child credit BS [Re: Zbrann] #3451524
07/28/21 09:07 PM
07/28/21 09:07 PM
Joined: Apr 2015
Posts: 2,947
Hartselle, AL
N
NWALJM Offline
10 point
NWALJM  Offline
10 point
N
Joined: Apr 2015
Posts: 2,947
Hartselle, AL
Originally Posted by Zbrann
Originally Posted by SouthBamaSlayer
It’s just the dependent deduction in monthly form. Going to be a lot of pissed off people that owe thousands at tax time.


It is an advance, but they also increased the credit. So they shouldn’t owe any extra at tax time. At least that is my understanding.

I thought it was also maxed out at half of the total you’d get for all your kids come tax return time, is that correct or naw?

Re: This child credit BS [Re: 257wbymag] #3451525
07/28/21 09:07 PM
07/28/21 09:07 PM
Joined: Oct 2012
Posts: 8,068
Central, Al
Bustinbeards Offline
14 point
Bustinbeards  Offline
14 point
Joined: Oct 2012
Posts: 8,068
Central, Al
Going in the bank. If they hit me with it at tax time, it will be waiting in the bank.


Originally Posted By: Wiley Coyote
Well, the way I see it is there's just too many assholes
On a good day there's a bunch of assholes in here. On a bad day there's too many assholes in here.
Re: This child credit BS [Re: 257wbymag] #3451535
07/28/21 09:17 PM
07/28/21 09:17 PM
Joined: Jan 2012
Posts: 382
Odenville, AL
choiceguy Online content
4 point
choiceguy  Online Content
4 point
Joined: Jan 2012
Posts: 382
Odenville, AL
You guys can opt out of future month payments and take the balance of the credit on your tax return next spring. I think you just have to complete the opt out steps by the Thursday prior to next pay date… something like that.

And if you filed married joint then both you and your spouse actually have to opt out independently or the other will receive half of the monthly credit.

They are clearly making of difficult to not receive the money up front.

Re: This child credit BS [Re: James] #3451544
07/28/21 09:24 PM
07/28/21 09:24 PM
Joined: Oct 2014
Posts: 2,777
Guntersville
K
klay Offline
10 point
klay  Offline
10 point
K
Joined: Oct 2014
Posts: 2,777
Guntersville
Originally Posted by James
Originally Posted by SouthBamaSlayer
It’s just the dependent deduction in monthly form. Going to be a lot of pissed off people that owe thousands at tax time.


Yep....


I figure when this happens, they'll just send another check. 🙄 It was complicated to opt out. Decided to put it into savings for tax time. I'm in the category of people that pay in each year.

Re: This child credit BS [Re: 257wbymag] #3451549
07/28/21 09:27 PM
07/28/21 09:27 PM
Joined: Nov 2014
Posts: 15,538
Guntersville
AC870 Offline
Old Mossy Horns
AC870  Offline
Old Mossy Horns
Joined: Nov 2014
Posts: 15,538
Guntersville

I missed something when 257 and eclipse started hating each other.
C’mon, man.
Can't we all get along?


“I specifically didn’t ask.”
Re: This child credit BS [Re: 257wbymag] #3451552
07/28/21 09:28 PM
07/28/21 09:28 PM
Joined: May 2018
Posts: 1,503
Hoover,Al. StateChamps
B
Big Bore Offline
8 point
Big Bore  Offline
8 point
B
Joined: May 2018
Posts: 1,503
Hoover,Al. StateChamps
Biden is putting black Americans back into slavery. They just don’t see it.


Hunting brings out the worst in people.
Re: This child credit BS [Re: AC870] #3451554
07/28/21 09:28 PM
07/28/21 09:28 PM
Joined: Jan 2011
Posts: 37,019
N. Bama
257wbymag Offline OP
Boo Boo Head
257wbymag  Offline OP
Boo Boo Head
Joined: Jan 2011
Posts: 37,019
N. Bama
Originally Posted by AC870

I missed something when 257 and eclipse started hating each other.
C’mon, man.
Can't we all get along?


All. NO


Quietly killing turkeys where youre not!!!
My tank full of give a fraks been runnin on empty
I'm the paterfamilias
Re: This child credit BS [Re: 257wbymag] #3451555
07/28/21 09:29 PM
07/28/21 09:29 PM
Joined: Jan 2001
Posts: 20,613
Dallas County
jawbone Offline
Freak of Nature
jawbone  Offline
Freak of Nature
Joined: Jan 2001
Posts: 20,613
Dallas County

Our local bars are loving it. Jam packed all month when it used to be just the First of the month.Lines around the buildings of the fast food places. Business as usual though at the produce stands.


Excuse the sanctimony.
Re: This child credit BS [Re: 257wbymag] #3451556
07/28/21 09:29 PM
07/28/21 09:29 PM
Joined: Nov 2005
Posts: 6,847
Chelsea, AL
lefthorn Offline
14 point
lefthorn  Offline
14 point
Joined: Nov 2005
Posts: 6,847
Chelsea, AL
I got my letter in time for the wife and I to opt out

Re: This child credit BS [Re: Big Bore] #3451557
07/28/21 09:29 PM
07/28/21 09:29 PM
Joined: Jan 2011
Posts: 37,019
N. Bama
257wbymag Offline OP
Boo Boo Head
257wbymag  Offline OP
Boo Boo Head
Joined: Jan 2011
Posts: 37,019
N. Bama
Originally Posted by Big Bore
Biden is putting black Americans back into slavery. They just don’t see it.


They can’t see it over their masks.


Quietly killing turkeys where youre not!!!
My tank full of give a fraks been runnin on empty
I'm the paterfamilias
Re: This child credit BS [Re: 257wbymag] #3451567
07/28/21 09:36 PM
07/28/21 09:36 PM
Joined: Dec 2015
Posts: 11,932
blount county alabama
jwalker77 Online confused
Pumpkin
jwalker77  Online Confused
Pumpkin
Joined: Dec 2015
Posts: 11,932
blount county alabama
I think everybody is so busy beating their chests and shouting about how superior we are to realize we are just like everybody else. America might have been a great nation once. We are far from it now. Nation of faggots and cowards. If you disagree with that, those who are much more important than me will make you disappear, one way or another. We are truly in a sad state. We need about 100 million of our grandfathers back. They would fix this.

Re: This child credit BS [Re: jwalker77] #3451576
07/28/21 09:46 PM
07/28/21 09:46 PM
Joined: Dec 2006
Posts: 15,147
Madison
BowtechDan Offline
Old Mossy Horns
BowtechDan  Offline
Old Mossy Horns
Joined: Dec 2006
Posts: 15,147
Madison
grin


Nathan Carl Goff 19 Sept 2016 - 14 Jan 2017.
Re: This child credit BS [Re: jwalker77] #3451578
07/28/21 09:47 PM
07/28/21 09:47 PM
Joined: Mar 2018
Posts: 3,733
Northwest Bama
R
Ridge Life Online content
10 point
Ridge Life  Online Content
10 point
R
Joined: Mar 2018
Posts: 3,733
Northwest Bama
Originally Posted by jwalker77
I think everybody is so busy beating their chests and shouting about how superior we are to realize we are just like everybody else. America might have been a great nation once. We are far from it now. Nation of faggots and cowards. If you disagree with that, those who are much more important than me will make you disappear, one way or another. We are truly in a sad state. We need about 100 million of our grandfathers back. They would fix this.

Re: This child credit BS [Re: 257wbymag] #3451587
07/28/21 09:55 PM
07/28/21 09:55 PM
Joined: Aug 2016
Posts: 206
FL-AL
Z
Zbrann Offline
4 point
Zbrann  Offline
4 point
Z
Joined: Aug 2016
Posts: 206
FL-AL
If you opt out then you are just letting the gov’t hold your money longer. Right?
The child credit is $1600 more this year, so the advance will roughly cover that amount.

I agree this is all just adding to inflation and terrible for the value of the dollar, but might as well have it in hand now.

Re: This child credit BS [Re: 257wbymag] #3451699
07/29/21 06:34 AM
07/29/21 06:34 AM
Joined: Aug 2013
Posts: 2,966
louisiana
D
deerman24 Offline
10 point
deerman24  Offline
10 point
D
Joined: Aug 2013
Posts: 2,966
louisiana
every time that man opens his mouth a lie shoots out.

Re: This child credit BS [Re: 257wbymag] #3451716
07/29/21 06:54 AM
07/29/21 06:54 AM
Joined: Jul 2011
Posts: 34,385
Marshall County
FurFlyin Offline
Freak of Nature
FurFlyin  Offline
Freak of Nature
Joined: Jul 2011
Posts: 34,385
Marshall County
I ain'ts got no chilluns yung enuf to get no credit. That's racism!

Call it whatever you want to call it. End game = Paying people to not work.


If my people, who are called by my name, will humble themselves and pray and seek my face and turn from their wicked ways, then will I hear from heaven and will forgive their sin and will heal their land. 2 Chronicles 7:14
Re: This child credit BS [Re: SouthBamaSlayer] #3451719
07/29/21 07:00 AM
07/29/21 07:00 AM
Joined: Jan 2001
Posts: 20,613
Dallas County
jawbone Offline
Freak of Nature
jawbone  Offline
Freak of Nature
Joined: Jan 2001
Posts: 20,613
Dallas County
Originally Posted by SouthBamaSlayer
It’s just the dependent deduction in monthly form. Going to be a lot of pissed off people that owe thousands at tax time.


I did not realize this. I feel much better about it and agree that there will be some sticker shock next year come tax time. WalMart is going to take a hard hit on the lack of wide screen TVs being sold.


Excuse the sanctimony.
Re: This child credit BS [Re: 257wbymag] #3451729
07/29/21 07:14 AM
07/29/21 07:14 AM
Joined: Feb 2016
Posts: 4,488
Right behind you
Mbrock Offline
Fancy
Mbrock  Offline
Fancy
Joined: Feb 2016
Posts: 4,488
Right behind you
Yep pretty simple. They send a percentage of your child tax credit (which they increased per child) monthly, so when ppl file taxes next spring, they will already have received a portion of their deduction. I really don’t think you’ll see a big change in total tax refunds though because they increased it so much those who’ve always received a refund will still get a refund in the increased child credit amount.

Re: This child credit BS [Re: jwalker77] #3451731
07/29/21 07:17 AM
07/29/21 07:17 AM
Joined: Apr 2015
Posts: 917
Louisiana
Spec Offline
6 point
Spec  Offline
6 point
Joined: Apr 2015
Posts: 917
Louisiana
Originally Posted by jwalker77
I think everybody is so busy beating their chests and shouting about how superior we are to realize we are just like everybody else. America might have been a great nation once. We are far from it now. Nation of faggots and cowards. If you disagree with that, those who are much more important than me will make you disappear, one way or another. We are truly in a sad state. We need about 100 million of our grandfathers back. They would fix this.

Agreed

Re: This child credit BS [Re: 257wbymag] #3451758
07/29/21 07:58 AM
07/29/21 07:58 AM
Joined: Feb 2011
Posts: 7,475
Pike County/Santa Rosa County
hallb Offline
14 point
hallb  Offline
14 point
Joined: Feb 2011
Posts: 7,475
Pike County/Santa Rosa County
Do you also tell your accountant to not take the credits when doing your annual taxes?

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