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BACKinBLACK

Joined: 09/07/2004 Posts: 6356
Likes: 2779


We were all getting this money anyway.


It usually is figured in part of the tax return. Now it is being sent out in monthly installments. Those who I work with plan our tax withholdings accounting for this money to balance taxes owed, so in essence it’s already in my check because I’m not wanting a large refund in April. These checks aren’t new money for anyone, just an advance on a tax refund. We are disciplined enough to save it to pay in, but If I start owing in too much I’ll have to pay estimates next year. This may help some families but some will wonder where their checks are or why they owe in April.

(In response to this post by Gateway)

Posted: 07/22/2021 at 08:47AM



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Current Thread:
 
  
Child Tax Credit payments -- BACKinBLACK 07/21/2021 11:31PM
  At least you know . -- 84Buff 07/22/2021 12:42PM
  Kudos to you!!! -- Colo Spgs Buff 07/22/2021 10:36AM
  Thx, I may need to do that. -- BACKinBLACK 07/22/2021 08:51AM
  I’ve been thinking more- -- cswilliam 07/22/2021 10:23AM
  I need them to cover the taxes I owe in April. -- BACKinBLACK 07/21/2021 11:52PM
  Re: I need them to cover the taxes I owe in April. -- Gateway 07/22/2021 12:33AM
  We were all getting this money anyway. -- BACKinBLACK 07/22/2021 08:47AM
  Re: We were all getting this money anyway. -- Gateway 07/22/2021 12:52PM
  I had to pay estimates a few years back. -- BACKinBLACK 07/22/2021 12:59PM
  Re: I had to pay estimates a few years back. -- Gateway 07/22/2021 1:06PM
  It will be fine. -- BACKinBLACK 07/22/2021 1:08PM
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