child tax credit.. vachinda? we are really eligible for it?

[8pm]

1 minute ago, stag said:

1800 tiskovachu ante 6 instalments lo $300 per instalment ravali kadha bro.. atu itu kakunda $236 vesadu enti bank lo?

@lachi

[SUbba LIngam]

1 hour ago, lachi said:

do we have to pay back in the Year end while filing taxes?

@Spartan and experts please explain.. 

 

actually i got 167 for my kid today. and i heard it would be 167 per month for next 6 months. 

$167 enti? vaste $300 leda $250 ravali ga ?

[dewarist]

11 minutes ago, stag said:

1800 tiskovachu ante 6 instalments lo $300 per instalment ravali kadha bro.. atu itu kakunda $236 vesadu enti bank lo?

credit starts phasing out if you AGI is more than $150k similar to stimulus money

[8pm]

14 minutes ago, dewarist said:

credit starts phasing out if you AGI is more than $150k similar to stimulus money

[Anta Assamey]

2 hours ago, Spartan said:

no need to pay back u will get it for rest of the year

Are you sure of not paying back.... I am thinking it should be paid back ...Edo okati le... ento konta if its useful for janalu .. 

[dewarist]

12 minutes ago, 8pm said:

 

52 minutes ago, 8pm said:

Sachinodi pelli ki vachinde katnam 

 

[8pm]

1 minute ago, dewarist said:

 

 

Aa AGI 

[dewarist]

Just now, 8pm said:

Aa AGI 

Avva Kavali, Buvva Kavali

naaku emi raale mari

[problem]

Child tax credit andariki vachaya or any body still pending

[Fish]

55 minutes ago, problem said:

Child tax credit andariki vachaya or any body still pending

does it automatically gets credited to our bank account? Or do we need to do any paper work?

[8pm]

7 minutes ago, Fish said:

does it automatically gets credited to our bank account? Or do we need to do any paper work?

Automatic.

[8pm]

8 minutes ago, Fish said:

does it automatically gets credited to our bank account? Or do we need to do any paper work?

You should have received mail if you are eligible 

[Fish]

3 minutes ago, 8pm said:

You should have received mail if you are eligible 

Didn’t receive any mail

asked my husband also but he said no

[chapstick]

1 hour ago, problem said:

Child tax credit andariki vachaya or any body still pending

I didn’t bro

[Spartan]

1 hour ago, Anta Assamey said:

Are you sure of not paying back.... I am thinking it should be paid back ...Edo okati le... ento konta if its useful for janalu .. 

@Anta Assamey

lets say u earn 100K, and u have one child.

u r eligible for std child credit of 3600$.

a 3600 ne standard deduction lo add cheskovachu ana maata.

ippudu vadu em chestunnadu ante... a 3600 lo 1800 over the period of 6 months teskondi..and tax kattetappudu u will show tax deduction of 1800 only...

so basically ur std deduction comes down.