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Started By
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re: Anyone here going to rake it in with monthly child tax credit checks?
Posted on 7/13/21 at 1:02 pm to JumpingTheShark
Posted on 7/13/21 at 1:02 pm to JumpingTheShark
quote:
Not anymore you can’t. Deadline to unenroll was the 28th.
For the first payment.
I looked today, you can still opt out of future payments.
0
Posted on 7/13/21 at 1:03 pm to lsupride87
quote:
150,000 household income puts you in the 87th percentile for Louisiana
So, considering only the richest 13% will be phased out, I would say this clearly includes the middle class
And it's $112,500 for Single Daddies like me!
Gimme dem coins, Muthafrickas!!! Posted on 7/13/21 at 1:05 pm to mikelbr
I thought single parent was 75k for the full amount? After that you'll have a reduced amount.
Posted on 7/13/21 at 1:06 pm to CatfishJohn
quote:
I thought single parent was 75k for the full amount? After that you'll have a reduced amount.
Single <> Head of Household. If you have kids and share 50/50 custody(claim them on taxes), your threshold is 112,500 before it phases out. It's the same as the stimmy thresholds. I have 2 kids each with my exes so I always have two chirrens on my taxes. We rotate them.
This post was edited on 7/13/21 at 1:07 pm
Posted on 7/13/21 at 2:02 pm to goofball
quote:
So it's not for the middle class.
You must be confusing the middle class with the OT middle class.
The top 5% of households, three quarters of whom had two income earners, had incomes of $166,200 (about 10 times the 2009 US minimum wage, for one income earner, and about 5 times the 2009 US minimum wage for two income earners) or higher, with the top 10% having incomes well in excess of $100,000.
Posted on 7/13/21 at 2:06 pm to 91TIGER
quote:The total tax credit was raised so depending on the age of your child the difference will be $200 or $500. Not much of a surprise unless that's a lot of money to you.
We unenrolled from it. What a mess to go thru the process though. Many are going to be surprised next April when they don't get back what they're used to.
Posted on 7/13/21 at 2:10 pm to GetCocky11
quote:
Those are middle class incomes for most of the country.
75k would be a struggle with kids unless you have good public schools
Gonna have to have a 10 year note for the f150 and wifey Tahoe
Posted on 7/13/21 at 2:19 pm to Cosmo
Per usual, so much fricking retard in this thread there's too much to start refuting.
Posted on 7/13/21 at 2:25 pm to GetCocky11
quote:you think 75k and 150k joint is the end of the middle class in this country? maybe in 1960.
So it's not for the middle class.
Those are middle class incomes for most of the country.
Posted on 7/13/21 at 2:49 pm to lsu xman
quote:
Anyone here going to rake it in with monthly child tax credit checks?
Not me. My boys are 27 and 31 years old.
Don't need their welfare.
Posted on 7/13/21 at 2:50 pm to CarRamrod
quote:
you think 75k and 150k joint is the end of the middle class in this country?
It's not the end line for receiving the tax credit either
The point is those amounts are certainly within the middle class
Posted on 7/13/21 at 2:53 pm to fallguy_1978
quote:
I declined that crap.
Why?
Posted on 7/13/21 at 2:55 pm to goofball
quote:
quote:
The amount phases out at a rate of $50 for every $1,000 of annual income beyond $75,000 for an individual and beyond $150,000 for a married couple.
So it's not for the middle class.
Are you saying a married couple making a combined income of $149,999 a year is below middle class? Or are you just trying to spew talking points that you haven't thought about before saying?
The left spews talking points that don't make sense. Be better than that.
Posted on 7/13/21 at 2:58 pm to JohnnyKilroy
quote:
Why?
I declined as well, but I would like some explanation as to what is best. I’ve heard different things.
Posted on 7/13/21 at 3:02 pm to MrCoolBeans
quote:
I declined as well, but I would like some explanation as to what is best. I’ve heard different things.
You get what you qualify for either way, all you are doing is truing up your allowed credit amount during tax time. It will certainly affect your refund amount in April as you are taking half of your credit before.
Posted on 7/13/21 at 3:12 pm to lsu xman
quote:
Anyone here going to rake it in with monthly child tax credit checks?
Not me, my youngest just moved out and now the wife(no pics) and I are now empty nesters. And it's not money I'm crying over today
Posted on 7/13/21 at 3:13 pm to Powerman
quote:
The point is those amounts are certainly within the middle class
Moreover, 155k is top 15% for household income.
Posted on 7/13/21 at 3:15 pm to goofball
quote:
So it's not for the middle class
This is a solid, stealthy bank account flex right here.
Kudos to you
Posted on 7/13/21 at 3:23 pm to Mingo Was His NameO
That was my understanding. The process to decline was ridiculous
Posted on 7/13/21 at 3:25 pm to MrCoolBeans
Why did you decide to decline?
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