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tigermed
LSU Fan
Member since Nov 2007
395 posts

IRS Child Tax Credit Deposits
Did anyone else get an unexpected direct deposit from the IRS today? I opted out of the monthly prepayments for the child tax credits back in July. I did not receive any money in August but woke up to a direct deposit of $250 today. I logged onto the IRS portal today and confirmed I did opt out of the prepayments. Does anyone have any insight as to what this may be since I already opted out?


TDTOM
Member since Jan 2021
3136 posts
 Online 

re: IRS Child Tax Credit Deposits
That whole deal is so screwed up. I got a letter earlier in the year saying I would receive some small amount. However, I have never gotten a single deposit or check. I am fine with it, but they better not give me any shite when I take the full deduction on my taxes.


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Phate
New Orleans Saints Fan
Baton Rouge
Member since Mar 2006
11477 posts

re: IRS Child Tax Credit Deposits
I opted out and received deposits in August and September. Both amounts are different. No clue how they're calculating any of this.


tigermed
LSU Fan
Member since Nov 2007
395 posts

re: IRS Child Tax Credit Deposits
My July and September deposits were different amounts as well. I guess this is government efficiency at its finest.


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30
onelochevy
LSU Fan
Slidell, LA
Member since Jan 2011
14682 posts

re: IRS Child Tax Credit Deposits
Got my direct deposit in July, a check in the mail last month and a direct deposit this morning


LSUFanHouston
LSU Fan
NOLA
Member since Jul 2009
26212 posts

re: IRS Child Tax Credit Deposits
quote:

Does anyone have any insight as to what this may be since I already opted out?


My insight is that they screwed up.


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30
SwampBooty
LSU Fan
Sulphur, LA
Member since Sep 2015
584 posts

re: IRS Child Tax Credit Deposits
Got one in July and nothing since..no checks in the mail and no direct deposit like the first time. I’m fine not receiving it. I just don’t want their incompetent asses to tell me I received it come April 2022


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20
lsu777
LSU Fan
westlake
Member since Jan 2004
19017 posts

re: IRS Child Tax Credit Deposits
i opted out and still got it today and in july. shite is pissing me the frick off. i dont understand why its an act of congress to tell the IRS to stop putting money in my account.

gonna owe a fricking fortune next year :banghead:


JohnnyKilroy
New Orleans Pelicans Fan
Cajun Navy Vice Admiral
Member since Oct 2012
29089 posts

re: IRS Child Tax Credit Deposits
quote:

gonna owe a fricking fortune next year


Change your withholding


tenderfoot tigah
LSU Fan
Red Stick
Member since Sep 2004
7163 posts

re: IRS Child Tax Credit Deposits
Download the Voyager app and put that money into USDC. USDC holds the price $1 forever and ever and pays 10% interest. Pull that money + interest out when it's time to pay taxes.


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tigermed
LSU Fan
Member since Nov 2007
395 posts

re: IRS Child Tax Credit Deposits
I put $330 from July into Bitcoin and it’s worth over $500 now. I bought Eth today with the $250. In the grand scheme of things the extra money now won’t matter as much when I actually file taxes. I just want the IRS to be consistent. I guess that is too much to ask for.


tenderfoot tigah
LSU Fan
Red Stick
Member since Sep 2004
7163 posts

re: IRS Child Tax Credit Deposits
quote:

I guess that is too much to ask for.


The government is so enept that they can't break even with a mail delivery service. Like Reagan said, the 9 most terrifying words in the english language...


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10
hedgediver
LSU Fan
LSU
Member since Sep 2004
2031 posts

re: IRS Child Tax Credit Deposits
If you are married note that both husband and wife must create accounts and opt out. If only one parent opts out, partial payments will continue to be made.


tigermed
LSU Fan
Member since Nov 2007
395 posts

re: IRS Child Tax Credit Deposits
Thanks for that info


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evil cockroach
LSU Fan
27.98N // 86.92E
Member since Nov 2007
5761 posts

re: IRS Child Tax Credit Deposits
quote:

IRS Child Tax Credit Deposits
this along with my earned income tax credit and EBT really help out


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jcaz
US Space Force Fan
Laffy
Member since Aug 2014
9426 posts

re: IRS Child Tax Credit Deposits
I opted in and haven’t gotten mine lol
So screwed up


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ConfusedHawgInMO
Arkansas Fan
Member since Apr 2014
2374 posts

re: IRS Child Tax Credit Deposits
I got $1,9xx deposited on Monday from the IRS. No freakin' clue what it is for, no explanation that I've seen.


Azazello
Tennessee Fan
Dallas, TX
Member since Sep 2011
3075 posts

re: IRS Child Tax Credit Deposits
Same boat, I opted out and am getting deposits anyway


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tigerbank24
USA Fan
Member since May 2015
447 posts

re: IRS Child Tax Credit Deposits
quote:

I got $1,9xx deposited on Monday from the IRS. No freakin' clue what it is for, no explanation that I've seen.


sounds like your pullout game is weak


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