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IRS will be ready to start sending monthly child tax credit payments in July, commissioner says
CBS News ^ | 14 Apr 2021 | SARAH EWALL-WICE

Posted on 04/14/2021 9:48:53 PM PDT by blueplum

Checks headed to families eligible for the child tax credit are on track to go out starting in July. The Internal Revenue Service commissioner confirmed the agency expects to launch its portal for the credit on July 1, despite concerns about the challenges the IRS would face implementing a program...

...As part of the COVID relief package signed into law by President Joe Biden in March, the child tax credit was increased for one year with children ages 6 to 17 eligible for a $3,000 credit and children under 6 getting $3,600. The legislation also makes the benefit fully refundable and expands it to low-income families. For the first time, it also shifted half of the credit to advanced direct payments...Children younger than 6 would receive $300 a month in the second half of the year while kids 6 and older will receive...

(Excerpt) Read more at cbsnews.com ...


TOPICS: Culture/Society; Government; News/Current Events; Politics/Elections
KEYWORDS: advancecredits; freemoney; irs; universalcare
back in the day, if one collected SS for a minor on behalf of a deceased parent, the trustee parent would have to fill out a form describing how those funds were used for the child's benefit.

Has the IRS instituted any such reporting? Or is this just slush fund money for the parent?

And, is this part of the Trojan Horse of universal income/healthcare? (see additional story linked below)

1 posted on 04/14/2021 9:48:53 PM PDT by blueplum
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To: blueplum

Yes, It’s a Gigantic Trojan Horse

https://www.msn.com/en-us/money/markets/yes-it-s-a-gigantic-trojan-horse/ar-BB1fDVH9?ocid=msedgntp


2 posted on 04/14/2021 9:49:38 PM PDT by blueplum ("...this moment is your moment: it belongs to you... " President Donald J. Trump, Jan 20, 2017) )
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To: blueplum
there are directing money to illegals, which have large families, and muzzies, who have large families, and the usual suspects....

pay income tax and all the other taxes , pay for college and weddings, and support your schools, and what do you get when you're older?....nothing...

3 posted on 04/14/2021 9:58:36 PM PDT by cherry (we are the Remnant)
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To: blueplum

The nation is doomed. Prepare accordingly.


4 posted on 04/14/2021 10:25:43 PM PDT by Organic Panic (Democrats. Memories as short as Joe Biden's eyes.)
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To: blueplum
Under the American Rescue Plan, individuals making $75,000, single parents filing as heads of households making up to $112,500 and married couples filing jointly making up to $150,000 a year are all eligible for their children to receive the full expanded child tax credits.

Ridiculous! This will hurt all of us at the grocery store.

5 posted on 04/14/2021 10:50:48 PM PDT by Tired of Taxes
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To: Organic Panic

The chicken little effect gets tiresome but I get a really bad feeling America is heading to financial and economic collapse besides the crumbling of its civility. Either these a-holes don’t know this or simply don’t care because it solidifies their Socialist agenda.


6 posted on 04/14/2021 11:37:30 PM PDT by shanover (...To disarm the people is the best and most effectual way to enslave them.-S.Adams)
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To: Organic Panic; MeneMeneTekelUpharsin

[The nation is doomed. Prepare accordingly.]

Unfortunately, that is correct.

I have seen no evidence to the contrary for years.

When the Democrat Shock Troops began burning cities and nothing was done, the handwriting was on the wall (Mene Mene Tekel Upharsin).

Even before then, in many ways.

Believe me, I type this with absolutely no joy and it brings me no joy to agree with you.

1/2 of this nation did everything it could to harass, destroy, obstruct and deny the most pro-American President we’ve had since Ronald Reagan.

sigh


7 posted on 04/14/2021 11:48:01 PM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: All

…….. despite concerns about the challenges the IRS would face implementing a massive funding program so quickly after the passage of Biden’s trillion dollar American Rescue Plan giveaways………as part of the COVID relief package signed into law by Biden in March, the child tax credit was increased for one year with children ages 6 to 17 eligible for a $3,000 credit and children under 6 getting $3,600.

The legislation also makes the benefit fully refundable and expands it to low-income families.

For the first time, it also shifted half of the credit to advanced direct payments which the IRS was assigned to distribute starting in July, a move that is expected to boost millions of children out of poverty.

Children younger than 6 would receive $300 a month in the second half of the year while kids 6 and older will receive $250 a month.


8 posted on 04/15/2021 2:50:54 AM PDT by Liz (Our side has 8 trillion bullets; the other s.ide doesn't know which bathroom to use. )
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To: blueplum

Who’s having babies in the USA? Hint. Whitey is not. So this is another way of ushering Whitey out the nearest door, sooner, not later.


9 posted on 04/15/2021 5:31:32 AM PDT by I want the USA back (I have ZERO confidence in my government, and almost zero in the medical industry.)
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To: I want the USA back

My youngest has 5 children with another on the way. They are doing fine without the government shoveling money their way. Biden’s handlers are going to destroy this nation.


10 posted on 04/15/2021 5:37:36 AM PDT by CFW
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To: blueplum

I hope they’ll send our latest stimulus check before they start this project.


11 posted on 04/15/2021 5:37:36 AM PDT by mombonn (God is looking for spiritual fruit, not religious nuts)
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To: blueplum

Backdoor Universal Basic Income, aka full blown socialism.

They will never end this program. Never. Too politically painful, when msm screams at them for starving children.

It’s coming. Heck, it’s here.

Occasional Cortex is doimg backflips. Bernie is running this administration.


12 posted on 04/15/2021 6:15:28 AM PDT by Basket_of_Deplorables (Convention Of States is our only hope now!)
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To: cherry

We can all claim we have 15 children and retire in South America. Are they going to track us down and verify?


13 posted on 04/15/2021 6:31:50 AM PDT by BipolarBob (Jeffrey Epsteins last words "I am not committing suicide".)
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To: shanover

I wish I were Chicken Little. but the demographics are the final nail. So many idiots will support a chomo for president. And they have their terrorist wings to enforce their dictates. We are a third world dumping ground now. The people flooding the country are not wanting to be Americans like immigrants past. They are coming for free stuff and to breed. We have been conquered. The first thing an army does to secure conquered territory is bring in the women and children to breed out the locals. Go to any grocery store and just observe how many children are in tow of a recent Honduran immigrant (illegal or otherwise). Unless we American Christians start breeding like crazy the demographics will slowly bring about our just becoming another third world dump. Prepare accordingly.


14 posted on 04/15/2021 9:32:25 AM PDT by Organic Panic (Democrats. Memories as short as Joe Biden's eyes.)
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