"I got back $5600 on my taxes. Instead of buying my kids the latest Jordans or fancy electronics I paid my rent for the YEAR. I'm a single mom and I do it all buy myself on a minimum wage job. I kno that a roof over my kids head is what's important. My kids don't want for anything because my priorities are straight. And this also means I will have that extra 450 a month to do things with my kids."
Must be nice to get a refund. For some reason, I always have to write a check. Oh well at least she didn’t blow it on junk.
[And this also means I will have that extra 450 a month to do things with my kids.]
Try to save some of that too.
Good for her
ML/NJ
Good Mom, I’m glad she got her act together.
She had too much withheld from her salary? I doubt it. This was not a “refund” most likely. This was one of those “tax credits.” Good for this mom, but for millions of folks, these tax “credits” are just another form of the “gimme dat alliance.”
If she’s working for minimum wage, she didn’t “get back” $5600.
She “got” tax credits far and above whatever she paid in.
How does one get a 5400 dollar refund while working at a minimum wage job?
Why is this even news?
Does CNBC assume everyone wastes their money on frivolities instead of necessities?
Or is it that they expect that only of low-income people?
I receive my pension and Social Security, and pay almost $8,000 in federal taxes each year. I have no credits, claim only myself, and the standard deduction. I got back $644 this year.
How about saving for a home of your own?
South Carolina Ping 
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Wow. I don’t know everything but I do get paid to prepare tax returns, and it isn’t obvious to me how she got so much.
OTOH, when I have $5k to spare I can buy a whole house, a very solid, clean house in a good neighborhood. Or put a deposit on a fsbo.
Some people prefer to rent. *shrug*
Anyway her landlord now has a good opportunity...
These tax credits (welfare, not refunds) are crucial to the survival of illegals with fraudulent ID. They were meant for poor Americans like this lady.
And she didn’t even drop me a thank you note.
"Instead of buying my kids the latest Jordans or fancy electronics I paid my rent for the YEAR," Knaack writes on Facebook. "I'm a single mom and I do it all by myself on a minimum wage job. I know that a roof over my kids head is what's important."
So...she does it on a minimum wage job???
That's $7.25 an hour, $14,500 a year.
Her standard deduction and personal exemptions for herself and 2 kids, plus the child credit for both kids, means she would pay NO federal income tax, but instead get $1746 FROM the government.
On top of that, she would get an EITC of $5572
South Carolina food stamps are an AVERAGE of $125.18 per person. that's $375.54 a month for her and her 3 kids. That's $4506.48 a year
"Plus, she now has an extra $450 a month (the cost of her rent), which she plans to spend on fun activities with her kids."
Fun activities???
What about a car?
Car repairs?
Why would anyone make a point of this? Would you?
“Plus, she now has an extra $450 a month (the cost of her rent), which she plans to spend on fun activities with her kids.”
She still hasn’t learned anything.
She should have used it for a down payment on a small house!