Was the monthly child tax credit really an advance?

It all depends on how much you make

Sounds like you have some tax cheats on your payroll

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Sounds like you have some tax cheats on your payroll

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This. And anyone getting 12-15k back is typically one of two categories: making bank while exercising some nice tax adverse options, or massively overpaying throughout the year.

Didn't make a difference for me, 3 kids and tbh it was a pretty helpful way to pay that credit out

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good lord wtf there are people actually getting that much back?

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They're not getting anything "back" it's a handout

It was an advance if taken as monthly payouts over the second half of 2021.

The catch is that this was made available because the actual child tax credit basically doubled. So if you took the advance payments, and claimed your standard credit when filing your 2021 taxes, your refund may be largely the same as it was a year ago.

However if you didn’t take the advance payments, your refund will be higher by that total amount. Or, if you took the payments, and didn’t claim you took the payments when filing, you’re double dipping which can get you in a bit of trouble if caught.

12-15k back?

That is called a tax cheat.

Even with every credit in the world you'd have to make almost no money and have about 8 kids to get anywhere near that...legally.

That's an absurd refund amount and likely not true.

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Sounds like you have some tax cheats on your payroll This. And anyone getting 12-15k back is typically one of two categories: making bank while exercising some nice tax adverse options, or massively overpaying throughout the year.

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They’re black guys making minimum wage with like 8 kids

My ex gets to claim both kids, I do wish however there was some kind of credit for us guys who pay child support on time, every month year after year.