And there will be a rude awakening for them come early 2022 when they’re not going to get the bloated annual “tax refund” (aka welfare handout) to which they are accustomed. The fine print is that they’ve received it as an advance... and they have no clue.
And there will be a rude awakening for them come early 2022 when they’re not going to get the bloated annual “tax refund” (aka welfare handout) to which they are accustomed. The fine print is that they’ve received it as an advance... and they have no clue.
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True dat.
Which is why the IRS needs more agents to look at tax returns...
They WILL FILE for it again-—and refuse to realize they already got the money.
Surely you jest. The new Congress in 2022, whatever the party composition, will hear the hue and cry of the angry masses, and quickly “fix” that little problem of the so unfairly denied child tax credit refunds.
Yeah, that will make Biden even more popular. Most expect the Child Tax Credit will cover much of their remaining tax liability. Prepaid & spent, they won’t be ready for an extra $3000 or so due within days.
Stupid & obvious enough that one might assume Democrats planned around this, either as an impetus to grant emergency credits, or to initiate breakdown of the system.