Women with school age children are getting tax credits
starting next month. Money will come every month.

I do think parent had to have filed a tax return.

Government likes to give away taxpayers money.

Good on the government. Are you complaining or happy about this?

It's about our economy now.

In a FAIR and LOGICAL world the people who DECIDE to have kids would be RESPONSIBLE for supporting their children.

Why should a TAX PAYER be RESPONSIBLE for supporting the children other people DECIDED to bring into the world?????

The BIGGEST problem with the "income" tax system in the US is that it's become MORE of a personal decision tax than an income tax. Is it really an income tax f the amount you have to pay, or not pay, is based on your decisions and not your income.

Democrats keep talking about people "paying their fair share". if that was ACTUALLY TRUE then they would want two people having an income of $50K/year to pay the SAME amount of tax regardless of PERSONAL DECISIONS. Republicans are just a guilty of using "income tax" system as a method to get votes.

It’s for families making 400K joint/ 200k single who file and receive the
child tax credit. It is written that families receive at least 1/2 of the credit
July 2021- Dec 2021 in payments, the remainder will be in the form of
a credit on taxes. This isn’t anything new, other than the early payments.

People making up to $75k single or $150k joint will get the full amount. After that it will be reduced down according to how much you make. The child tax credit used to be $1000 per child under 17 with income restrictions, a few years ago they upped that to $2000 per child, now for this year (has not been approved beyond that yet) children under 6 will get a $3600 tax credit and age 6 to 16 will get $3000 tax credit. Half of this will be handed out in monthly payments unless people opt out and take it in a lump sum with their tax returns. The issue is similar to the tax cuts Trump made where people had less taxes taken out each pay period, when it got to tax return time people where shocked that their tax return went down or that they owed money. They had actually gotten more money but unknowingly spent that money each month. It is a crazy amount of money for the government to be handing out, somebody has to pay for it at some point and time. $2000 works out to about $5 a day, enough to feed a child if done right. It already cost about $150k to send a child to school kindergarten thru 12th grade. Then the parents can also file head of house hold and write off the children as dependents lowering the amount of tax they pay in. So by the time a child is 18 the government may have lost $300,000 plus per child. How long would it take someone to pay that money back in taxes plus all the other things the government spends money on? Most of the time I would guess they would never recover all that money prior to start to pay out the social security for those children who would retire before paying off all the expenses the government shelled out for them. The only thing that has saved us in the past is inflation. What used to cost a $1 is now $4.50 so the amount paid years earlier is not as much relative to today. The sad thing the US has taken on so much debt, and continues to take on more debit. While in the global market the dollar is losing value because the US is buying more from others then they sell to others. People no longer have pride in what they do for a living, or a work ethic, it has become give me, give me, give me. Debit can be a good thing if done right, however the reckless spending by the government will catch up. Many people have trouble making ends meet because of the amount of taxes they pay. Then there are the hidden taxes we pay. When a corporation pays tax it's the customers that actually pay that tax. There are also many hidden sales taxes. The government is just not good with money.

Deadbeats shouldn't be encouraged to have children
they can't afford to raise.

Or take care of. There are plenty of these unruly brats as it is. Giving them money for having them is a huge mistake.

I totally agree that the government is bad at spending money, amongst other things. But, anyone with children most likely took the child tax credit so I found the OP a bit hypocritical.

The problem is where the money comes from and where it goes. It all works its way back into the economy one way or another, and the economy is a very complex system anyway. The Republicans take a trickle down affect, while the Democrats take on a trickle up effect. Sooner or later it will probably end up filtering thru the same hands any way, just a matter of where and when. When the government decides to hand out 3 to 5 trillion dollars in stimulus that is not money that they just have sitting around in their top dresser drawer. Basically they are putting that money on a high interest credit card with no plan on how to pay it back. They are printing new money which devalues the money you have. When you and your employer put money into social security it does not just go into a high interest savings fund, instead it goes to a general fund to spend on whatever they want. If someone has 2 kids and makes $20k a year the government will give them money for housing, food, health care, child care, and when they pay their income tax the government will actually give them more money then they paid in. On the other hand someone making $100k a year with 2 kids will pay about $30k in income tax, $10k for health insurance, property tax, day care, food expenses etc. So in the end how much farther ahead are they then the person making $20k a year? My source was wrong and it used to be $75k/$150k for child tax credits but this year they have upped it to $200k/$400k like bastet said, so it will include many more people and make things just a little more fair for people who have children. For those who don't have children under 17 tough luck, you will have to pick up the slack.

Yes, if people are handed money they most likely will take it. I got some stimulus money but between me and my daughter we did get considerably less because of how her age landed and income, and honestly I did not lose any work or need the stimulus money. What really got me was the fact they gave it to people who were retired, what money did they lose? What really changed in their life? Maybe they could not go out as much or travel which would have actually saved them money. Now they are saying people may need a third vaccination shot and possibly follow up shots after that. The cost per shot varies on how much the government gave the drug companies before the development but it averages $15-$20 per shot partly because of the mass production. This price could increase drastically as time goes by and it does not seem like all that much unless you think about their are 8 billion people in the world! Handing money out and raising the minimum wage is just going to raise the price of everything. This may be good if you own a home and it goes up in value, however any money you have saved for retirement will be worth less because it will cost so much more to live in the future. People who are barely making it by will continue to barely make it by.

It's New!!

It's additional!

Nothing hipocritical about the topic.

They call this a "income tax credit" which suggests the people are getting back tax dollars they paid.

If a person/family gets MORE money in the form of a tax refund than they paid it's welfare, it's NOT a "tax credit".

If a family has an income of $150K and they NEED a "child tax credit" to support the children they DECIDED to have they are making financially irresponsible DECISIONS.

I'm not blaming the parents for taking advantage of the tax credit......it's the fault of the politicians who DECIDED to be irresponsible with tax dollars in order to get votes. But politicians from BOTH parties gave a stimulus payments to people who's income WASN'T effected by the pandemic. I have been saving a good portion of my income during the pandemic yet I received all the stimulus payments. WHY???? I DIDN'T need the government to supplement my income that's why the stimulus money is STILL sitting in my bank account.

Are politicians trying to make us all dependent on them because they KNOW dependent people are MORE easily controlled than independent people???? Communist and totalitarian regimes have shown that dependence on the government makes them easier to control.

Finally someone who knows what's really happening in
US government!!

I posted something similar a week n a half ago in the "Biden accomplishments".

And nobody truly knows what goes on in the government, not even the people who work there! It is a wonder how these people get into the positions they do, what they do when they are there, and how they get away with what they do! How do people like Trump, Hillary, Biden, and others even get put on the ticket in the first place. I mean I know the process and how it works, just tell me they truly can't find anybody else to do the job?

Not everybody thinks $150k is a lot. Sorry I do not do links, but if you look up financialsamurai.com why households need to earn $300,000 a year to live middle class lifestyle. It is entertaining but also shows that different parts of the United States lives different then others and not everything is going to work for everyone.

No, it’s not new or additional. Do some research.

I have ! Seems you don't know what's happening!!

If you need help with supporting your children don't expect
the government to keep helping. Get employment support your own
family.

The only way you can get the child care tax credit is by being employed
and filing taxes. Anyone with children under 17, starting in 1998, have
been able to take the credit on their taxes. If you are are informed, how
do you not know this?