Basically there's nothing for adult dependents with disabilities. I'm caring for my adult twin brother with autism. I could definitely benefit from some extra help.
I fully agree, I'm a caregiver for disabled mother who only gets S.S. income, but duties I have make it very difficult to do a fulltime job for extra income
1@@jasongilliland61 spot on. Before my mother passed in 2019 I cared for as well and she had many illnesses. I definitely understand- it takes a lot of strength from a person to handle situations like this on one's life. Especially when you are doing it all only alone like I am. I have a aunt that literally stays less then 12 min from my home and she has never offered any assistance like a break for a few hours/day/ weekend.I've never ask her for money but I would ask, if she could adult sit for me. All in all I try not to complain because I Iook at it as, who else would have stepped for them? There's know way I'm letting my family be in some facility facing the wall. Sending you love and light and strength
@@krystallovenly I thank you for the kind words and sharing your experience you have my most sincere condolences, experience gives strength love and light to you
I wish you luck and keep posting where the politicians can see it. Most people don't realize that people with disabilities are the largest minority. I've heard numbers as large as 1 billion people. Make sure others in similar situation realize they also have to speak up and get the attention. I have twin boys, one with mild autism. I spend extra money for day camps, music, acting and schools to try to help him be a productive member of society when he grows up. Extra money to help with those things will pay in the long run.
My sister has 8 kids and the 9th on the way... they have made more this year from the government than they’ve ever made in a years salary. My family doesn’t understand why they continue to have kids. But with this gov help they’ve made a fortune.
The IRS is prioritizing this child stimulus program prioritized over the income tax filings and refunds unfairly to all taxpayers who met the requirements of filing income tax on time. This is grossly unfair to all childless taxpayers!
I’m getting $600 a month for 2 babies? That’s awesome!! Do you know how much this will put me ahead of my current plans? I don’t have to be worried every swipe and wait for the cashier response to know if we have a problem or not.
You get the same amount every years. It’s how you choose to spend it that matters. You will just not get the same amount when you file your taxes. If your use to getting back 7k at tax time you won’t be getting that- since your going to get half of it before taxes in smaller chunks. Next time you get your lump sum just set it in a separate account and pay yourself out of it monthly equally divided and it does the same thing. It’s about financial discipline.
Don’t be fooled. They are just giving you an advance on a credit you always get. If you take it you will just reduce your refund at the end of the year or you could possibly owe
I agree. It be nice if people without kids got some chunk of change. With everything rising in prices everyone should get some help out here. Just my opinion
@@BackToOrthodoxy I'm sure alot of people are gonna that, it doesn't really matter if you take it as long you plan for that fact youll get a smaller refund or owe money. I'm gonna guess the majority of people are gonna think it's just free money.
Yep same here, it's very crazy. I feel ALL Americans should be getting help, especially when shit is skyrocketing! Sorry I'm not spreading my legs and popping out a bunch of kids, my bad Gov!
No, parents are not getting anything extra at all. They are just giving it in advance that is all. Tax refund will be less for those because they are getting it in advance
There should be a 1 time $500 credit for 18 yo or 19-24 if full time college students. So far it seems this will be refundable credit on tax return. Not sure if this will be a check this year
Still have not even received my actually tax refund and filed in March (which was a basic return like millions). How about you pay us OUR money you owe back before handing more free money... completely ridiculous
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Dependent care credit bump is huge! I hope that one stays permanent. The old rules we so lame. Most people only got a $50/month credit out of the old rules.
@@chandrasantiago13 i beleive you can either put it in the other credits line item on w4 to get more in your paycheck. Or you can get when filing taxes. Keep expense records and TIN of caregiver.
@@PMathisTheAccountant but he makes a good point property owners have mortgages and responsibilities to stop making payments the bank kicks everyone out. Unless your in Detroit I couldn’t own something there I’d go to jail with them laws.
I had to do an amended return. I have my children now. Not my husband. They live with me now. That way I will get the money for my children and not my husband.
Been following the CTC fairly closely and the increased limits for dependent care FSA pretty closely, but wasn't aware of the separate "dependent care credit". Will look into that more... thanks!
So retired grandparents raising their grandchildren who have no earned income, but live on social security and retirement get this child tax credit? I can’t find anything on it and it’s really frustrating because they could use the money. Thank you for any information anyone can give.
Yes, if they filed with qualified dependents on their 2020 or 2019 tax return or reported info in non filers portal in 2020 or report them now in the non filers portal for advance child tax credit www.irs.gov/credits-deductions/advance-child-tax-credit-payments-in-2021
@Meet Kevin, he explains it all. I opted out, but once opted out, you cannot change status back to enroll. You need to sign up with ID. Scan your state issued ID. Or through Facebook, google, email to sign in to portal. I share claiming my child, opted out for no problems with future filing tax returns.
People will always be bad with money especially when getting lump sum payments. getting payments monthly may help them manage it better. Of course, someone that wants to buy $300 of candy a month instead of a $3600 Gucci purse will be in the same situation financially without it.
Stop complain man should be appreciated for this child tax credit program, why would you want all at once does your child need all that money right now or you do
@@ARandomInvestor I absolutely agree. SOME parents get that lump some and go nuts with it, maybe breaking the payments up monthly, they will allocate it more appropriately.
I'm just wondering how this is going to help child poverty? It wont. Give a financially irresponsible family $10000 cash and it will be gone in 6 months with nothing to show.
I am the Guardian of a step grandson. I paid $3000 less on my 2020 taxes. Received an extra $1400 stimulus check this year. And now getting another $1800. The gift that keeps on giving
This is great! Too bad it’s the first year I wouldn’t qualify for my parents. Hope it sticks around for awhile, people having kids for welfare is a myth and this really helps families out and does a lot to end child poverty/hunger.
Those age 18-24 may qualify their parents to receive $500 1 time child tax credit when they file the 2021 tax return, but not for advance CTC payments. Children for welfare benefits is a real thing. There are people who teach how to use the system
@@MsKira1313 your misinformed opinion has no basis in reality. The data speaks for itself, nearly no one has kids for welfare. Maybe they would if it could actually support a child and do more, but it can’t, and they don’t. You’ve been lied to and the common belief that welfare causes people to have children causes families to suffer.
@@samanthaziegler6697 The advance child tax credit is a refundable credit, not a refund. It is not taxable in 2022 unless the law changes or it may be found to be fraud or if the recipient does not qualify for repayment protection. Child & dependent care credit is also refundable as a credit. Not taxable. Hope this helps.
@@vjc4502 sure let's a lot of people now know the truth, the parents won't have to pay back like the goverment fibbing to the neglected group, they started out that it was to lift kids out of poverty, then when they saw it upset those left out ,it went to "oh no ,its the parents taxes, "but the truth is that the parents won't have to pay it back like the mega-rich don't have to pay taxes
If you didn't file a child in 2020 and had a newborn in 2021, the available tool doesn't allow you update, it just says not eligible. Will there be a way to update your filing status for a newly born child?
Hey Kevin, great video. But you should let people know why they may want to opt out. For instance, if they usually use this credit to offset their taxes owed, they should remember that next year they will only have half of the credit to offset and to expect to pay taxes. Just a thought.
Some of you people act like people with young children are somehow bad...Should be happy for these people! It's not wrong to have children..Come on now! God Bless
@@DK-mc7mp since you’re solely financially responsible for my kids, I need more diapers. I’ll send you my PayPal info. I’m sure we are paying for some of your life choices as well.
@@pttthhh Myself and many of my friends have imagined it our entire lives, traveling, seeing the world and having amazing pets that have nothing but positivity. You should watch some of those crime shows and see how appreciative kids can be sometimes😒
Ryan Buck So You Mean To Tell Me For Some People With Kids Times Do Get Hard People Lose Jobs Hit Rock Bottom And Just So Happen To Have It Harder Than Others That Don’t Exists To You???
My older brother is my dependent but I can't claim him or he will lose his ACCESS health care. But I support him completely and have been for the past 10 years. How can I get the dependent care tax credit?
This is a child tax break, in your case you'd had to claim your brother when you do your regular taxes, get all the paperwork as evidence and then submit the evidence that he depends from you... his health insurance isn't supposed to be a problem... whatever money coming in will be under your name... he's getting medicaid through welfare, usually ppl called by the name on the yellow card...
You can also find different kinds of help throughout the society security administration, regardless if he gets SSDI or SSI, there's many programs people don't know about and the SS administration will not say anything about.... like supplies ,dental care etc....
IRS is worry about everything but the working people I'm one of Them I sent my Income taxes in March still haven't heard from them,I need this damn money ,to buy school kids Clothes and Shoes ,I need that check
Hey Kevin, I still haven't gotten my unemployment tax credit. My car was just totaled due to a tree falling on it so now im searching for a car and need the extra money. Do u have any info on why some people haven't gotten their refund yet?
I would opt out in your case because those are your taxes in advance, may as well wait to get them like you usually do...because when they owe you they chill but when you owe them their interest are robbery...
We people that cant have children and depend on noone we are f... no help at all and die on a ditch thank you government I dont have any against people with kids but you know the saying two heads think better that one they can do that easier than a single mid age men without anyone to help.
Thanks for the great info again Kevin! My son turned 6 in June..... In this scenario, would we expect the 3600 or 3000 since he turned 6 mid year? Thanks in advance!
It will come on whatever payment method you received your income tax return on if you no longer have access you will need to update your info on the irs portal
I think that's great that they have this for people with family and kids but it's just as hard for us that are single or married without kids it's as if we don't need any help I don't understand I guess they're thinking about the kids but if people in need. I know people that have children that get this extra money and they go by boats motorcycles and go on vacations overseas with the money. I have never been on vacation I cannot afford it. So is there anything in the works for us single people or married people without children?
Having kids is expensive and have to pay taxes on everything we buy for them and have to pay for certain things in school, child care, etc.. I don't understand why people are so mad about people getting CTC. 🤷🏽♀️
One of my kids said the same thing today... I said "ok, you will now be responsible for buying your own food, paying your share of all utilities, rent for your bedroom, etc." He said, "No, that's okay. You can keep the money. "
@@Fedgery007 taxpayers, get ready for the tsunami ,the goverment will be working you overtime to keep up with the baby makers mass producing like rabbits, ,they want us old poor people dead so they can give our disability money to them too, they'll work you like a whipped workmule then when you collapse, they'll kick you to get up and work faster, assembly line kids,mass produced,
I had a baby in April of this year, after I already filed my 2020 taxes, how do I add my newborn as a new dependant so I can get the advanced credit payments?
@Ernest Powley you realize that the child tax credit is for EARNED INCOME, meaning that they're for people who work jobs. To earn money. That was taxed from them. To be given back to them.
The flaw in this is.....lets say my nephew started living with me in dec 2020....his previous foster parents get that money while i will be claiming him for 2021.....so basically he gets claimed twice....?
Didn’t get it and I qualify I have 5 children and pregnant with #6…. Mine says “pending” because I had to file an amended to get the stimulus for my 10 month old and the unemployment tax break so because I have not yet got that they have me as pending so awesome …. Unemployed and won’t get the CTC… thanks IRS for working that crap out 😒
He will be considered 18 at year end so whoever claimed him & child tax credit on 2020 or 2019 tax return will get a $500 1 time child tax credit. It may be direct deposited or a check, not clear yet. Keep checking. www.irs.gov/credits-deductions/advance-child-tax-credit-payments-in-2021
No he won’t. Have to be 17 all the way up to December 31st 2021. Because this is part of your child tax credit for 2022. They’re just giving a portion option for spread out of 6 months. Then you get the rest in 2022 when you file your taxes. You can opted out of the spread over 6 months and get one big lump sum at tax time
My wife and I are having our first baby this month. I hope I’ll be able to receive this child tax credit, but worried I won’t since it was born after I did taxes.
Each week IRS WILL send the third round of Economic Impact Payments to eligible individuals as they continue to process tax returns. If you receive no payment , it doesn't mean you won't. Payments are sent by direct deposit or mail as a check or debit card. IRS will Mail IRS Notice 1444-C to people who received a third Economic Impact Payment. The third round of Economic Impact Payments are being sent in phases.
Yes, it is an advance on the child tax credit you may have received when taxes were filed. You get some now, some later or opt out & get it when you file taxes
CTC was bumped up from 2000 to 3000 and your getting half of that over the next 6 months per kiddo. Opting out requires you to create an Id.me account which includes submitting a bunch of personal info including photos of Drivers license or passport and a facial scan or selfie
Kevin Kevin Kevin WHERE DID YOU GET MINIMAL INCOME OF $2500 FROM for the advance child tax credit??? ALSO the other credit is called child & dependent care credit. For your viewers, the child & dependent care credit will be on the 2021 tax return. The child tax credit will be reconciled on the 2021 tax return. Anyone who gets advance child tax payments will get an IRS letter in 2022 to use when filing their 2021 tax return.
its not really free money anyways, its just getting your tax credit that you would normally take at the end of the year pre-refunded. At the end of the year you will not be able to claim that credit so your refund will be lower or your taxes owed higher.
@@Oxytropis1 6k in child tax credits compared to 2021 of 10.2k in credits leaves 5.1k which yea is less but not really noticeable after I take the half credits spread out over the next 6 months
Ugh. No kid single, lost my dream job, 4K In debt, got evicted can’t collect unemployment. And now back in school for more debt because my dream job dropped me because of the pandemic. I can’t win
@@kobel1564 Okay, if you pay for mine!! Just because I feel it should be equal, doesn't mean I don't have kids! My widowed mother is struggling just as much as my husband and I with 3 children. Perhaps be a lil more compassionate to the needs of others that may not be in the same boat as us. 🤷♀️👍
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Great video and info Kevin. I live in Colorado but I am rooting for you as future Governor of California! Keep it up!
Basically there's nothing for adult dependents with disabilities. I'm caring for my adult twin brother with autism. I could definitely benefit from some extra help.
I fully agree, I'm a caregiver for disabled mother who only gets S.S. income, but duties I have make it very difficult to do a fulltime job for extra income
I think there will be . Just haven't announced it yet . Moving at a glacial pace
1@@jasongilliland61 spot on. Before my mother passed in 2019 I cared for as well and she had many illnesses. I definitely understand- it takes a lot of strength from a person to handle situations like this on one's life. Especially when you are doing it all only alone like I am. I have a aunt that literally stays less then 12 min from my home and she has never offered any assistance like a break for a few hours/day/ weekend.I've never ask her for money but I would ask, if she could adult sit for me. All in all I try not to complain because I Iook at it as, who else would have stepped for them? There's know way I'm letting my family be in some facility facing the wall. Sending you love and light and strength
@@krystallovenly I thank you for the kind words and sharing your experience you have my most sincere condolences, experience gives strength love and light to you
I wish you luck and keep posting where the politicians can see it. Most people don't realize that people with disabilities are the largest minority. I've heard numbers as large as 1 billion people. Make sure others in similar situation realize they also have to speak up and get the attention. I have twin boys, one with mild autism. I spend extra money for day camps, music, acting and schools to try to help him be a productive member of society when he grows up. Extra money to help with those things will pay in the long run.
Just bought more AMC! Im buying & holding AMC to the moon! 🚀🚀🚀
Obviously they ain't helping us so Amc is the way
My sister has 8 kids and the 9th on the way... they have made more this year from the government than they’ve ever made in a years salary. My family doesn’t understand why they continue to have kids. But with this gov help they’ve made a fortune.
Trust me when I say it is short lived...
I never been so mad for not having children.😂
Children costs more than $3,600 a year so you should not be mad at all.
@@jordanmazzuca6186 I have an 11 month old and for this first year of him being born I barely spent $250.
@@jordanmazzuca6186 ya in reality with kids this money goes hella fast trust me!
Hey u may have some out there lol
@@jordanmazzuca6186 you don’t spend much on a child until they’re like 6-7.
Good luck opting out, I've tried multiple times and Everytime it it keeps saying my identity isn't verified or timed out or internal error.
Just like my
Same
Same here! It did not let me
Don't opt out, you can earn interest on that money vs it just sitting in the governments pocket. Unless you are bad at saving money
Same here!!!
Would be nice if the IRS could concentrate on processing my taxes so I can move on from waiting for my EIDL loan
@@m0m0ntherun Ive been waiting since March also 😫😫
Right. As simple as you shared it. 💯
Same. I am still waiting for them to even touch my 2019 taxes! Every time I call, they just say 60 more days
I’m still waiting also 😩
I appreciate how thorough and direct you are with your information.
The IRS is prioritizing this child stimulus program prioritized over the income tax filings and refunds unfairly to all taxpayers who met the requirements of filing income tax on time. This is grossly unfair to all childless taxpayers!
Gonna cry?
True! I pay over 12,000 a year in child care not including, medical, dental, vision, and day-to-days must haves🤷♀️
Straight to the point, you’re my guy going forward!
I’m getting $600 a month for 2 babies? That’s awesome!! Do you know how much this will put me ahead of my current plans? I don’t have to be worried every swipe and wait for the cashier response to know if we have a problem or not.
www.irs.gov/credits-deductions/advance-child-tax-credit-payments-in-2021
Just keep in mind it is for 1 year only
You get the same amount every years. It’s how you choose to spend it that matters. You will just not get the same amount when you file your taxes. If your use to getting back 7k at tax time you won’t be getting that- since your going to get half of it before taxes in smaller chunks. Next time you get your lump sum just set it in a separate account and pay yourself out of it monthly equally divided and it does the same thing. It’s about financial discipline.
Don’t be fooled. They are just giving you an advance on a credit you always get. If you take it you will just reduce your refund at the end of the year or you could possibly owe
lucky you
The IRS took from my tax return this year! They took back my child tax credit! I have never had this happen!!
They should do something for people without dependents as well. Then we can throw it into AMC.
I agree. It be nice if people without kids got some chunk of change. With everything rising in prices everyone should get some help out here. Just my opinion
I'm declining this, I use my child tax credit to offset my taxable income, this could really confuse and mess up people on next year taxes.
Absolutely agree. People are so used to not looking at return details & only the bottom line, it is going to be a mess for many
Same
I'm not doing it either,just give me all my money when I do my taxes
I am going back and forth but I figured I could take the $600 a month I’ll get (2 kids under 5) and invest it.
@@BackToOrthodoxy I'm sure alot of people are gonna that, it doesn't really matter if you take it as long you plan for that fact youll get a smaller refund or owe money. I'm gonna guess the majority of people are gonna think it's just free money.
So because I was responsible and don't have kids.. I can't get any help... thats crazy
Yep same here, it's very crazy. I feel ALL Americans should be getting help, especially when shit is skyrocketing!
Sorry I'm not spreading my legs and popping out a bunch of kids, my bad Gov!
No, parents are not getting anything extra at all. They are just giving it in advance that is all. Tax refund will be less for those because they are getting it in advance
My kid ages out this year. Still in high school, eats like a swine, and I just paid $600 in driving lessons and not even counting test prep......sigh.
There should be a 1 time $500 credit for 18 yo or 19-24 if full time college students. So far it seems this will be refundable credit on tax return. Not sure if this will be a check this year
Car dealerships and high interest loan companies are going to make a killing off of this.
There aren’t any cars to sell lol
Not a good time to buy a car due to high interest rates and the computer chip shortage games.
Yes they are. Just like the ppp loan. Did you see my last video on the arrest of the guy who pled guilty? People out here acting up. 😂😂😂
@@drewpace7 these folks always find a way. 😂😂😂
@@MrWc867 they should be buying their car cash if they know what’s good for them. It’s gone depreciate as soon as they sign them papers. 😂😂😂
Good God it pays off to be a good parent 🙏 I'm glad I've been the strongest for my little ones lately
T°e°x°t~ m°e~ o°n~ W°h°a°t°s°a°p°p~ o°n~ h°o°w~ t°o~ m°a°k°e~ h°u°g°e~ p°r°o°f°i°t~ j°u°s°t~ i°n~ 14 d°a°y°s~+1={2=2=5} 7=2=6=6=4=1=2
Hey thank you this is great info!! Just one more reason why you’re one of my faves.
Still have not even received my actually tax refund and filed in March (which was a basic return like millions). How about you pay us OUR money you owe back before handing more free money... completely ridiculous
*INVESTMENT ARE THE STEP STONES TO SUCCESS*
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Right... Bitcoin has become a lucrative and profitable way of making money
14 days of focus and hardwork can put you many years ahead.... I just got into crypto/ bitcoin trading and investment and I made my profits wish I knew about this earlier, crypto is truly a life changer.
Just shared this with local business for kids. Owner is happy about this information
Dependent care credit bump is huge! I hope that one stays permanent. The old rules we so lame. Most people only got a $50/month credit out of the old rules.
How do you get the dependent care credit? When we file taxes next year? I pay for my sons aftercare. It’s expensive here in California.
@@chandrasantiago13 i beleive you can either put it in the other credits line item on w4 to get more in your paycheck. Or you can get when filing taxes. Keep expense records and TIN of caregiver.
@@MikeMarshall1411 awesome. Thank you for that information.
Pre-School counts towards this credit 😊. Your content is Gold! Keep it up 👍🏻.
If renters ain't gonna pay their rent...I ain't gonna pay my taxes.
100% agreed
😂😂😂. This was too funny.
@@PMathisTheAccountant but he makes a good point property owners have mortgages and responsibilities to stop making payments the bank kicks everyone out. Unless your in Detroit I couldn’t own something there I’d go to jail with them laws.
Eventually they will be kicked out
Nothing for childless people.. great 😪.. We contribute to this nation as well.
❤️•T•h•a•n•k•s• f•o•r• •w•a•tc•h•i•n•g• t•e•x•t •m•e o•n •Wh•a•t•s•A•p•p• f•o•r• c•r•y•p•t•o h•e•l•p• a•n•d •i•n•v•e•s•t•m•e•n•t• +1=(2=2=5=) =7=2=6=6=4=1=2✓%
Right I agree, us folks without kids could use some help too!
We don't matter cause we didn't produce more debt slaves to the system
Keep it up with TH-cam algorithm))
@Meet Kelvin went from Meet Kevin to Meet Kelvin
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I had to do an amended return. I have my children now. Not my husband. They live with me now. That way I will get the money for my children and not my husband.
Been following the CTC fairly closely and the increased limits for dependent care FSA pretty closely, but wasn't aware of the separate "dependent care credit". Will look into that more... thanks!
It is the child & dependent care credit form 2441 & is reduced if fsa funds are used to cover the costs
Kevin...for clearly explaining the advance on the child tax credit ❤
So retired grandparents raising their grandchildren who have no earned income, but live on social security and retirement get this child tax credit? I can’t find anything on it and it’s really frustrating because they could use the money. Thank you for any information anyone can give.
Yes, if they filed with qualified dependents on their 2020 or 2019 tax return or reported info in non filers portal in 2020 or report them now in the non filers portal for advance child tax credit
www.irs.gov/credits-deductions/advance-child-tax-credit-payments-in-2021
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Well the good news is the median age then was about 55....didn't stick around too long!
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Until that printer breaks the economy due to this BS. A 2nd great depression won't be fun.
I take it your a parent ?
@@AnnSisuLiv it will for the parents
Are there any forms to abolish the IRS?
@Sinnaiah Ravichandran I don’t owe just tired of paying them bitches
Thank you for the breakdown. Much appreciated Kevin!
@Meet Kevin, he explains it all. I opted out, but once opted out, you cannot change status back to enroll. You need to sign up with ID. Scan your state issued ID. Or through Facebook, google, email to sign in to portal. I share claiming my child, opted out for no problems with future filing tax returns.
it keeps telling me i cant verify my phone number so im able to make an account
I'm just wondering how this is going to help child poverty? If you can't manage the lump sum why would you be better at managing it monthly.
People will always be bad with money especially when getting lump sum payments. getting payments monthly may help them manage it better. Of course, someone that wants to buy $300 of candy a month instead of a $3600 Gucci purse will be in the same situation financially without it.
Stop complain man should be appreciated for this child tax credit program, why would you want all at once does your child need all that money right now or you do
@@ARandomInvestor I absolutely agree. SOME parents get that lump some and go nuts with it, maybe breaking the payments up monthly, they will allocate it more appropriately.
I'm just wondering how this is going to help child poverty?
It wont. Give a financially irresponsible family $10000 cash and it will be gone in 6 months with nothing to show.
I am the Guardian of a step grandson. I paid $3000 less on my 2020 taxes. Received an extra $1400 stimulus check this year. And now getting another $1800. The gift that keeps on giving
Unfortunately he will be paying it back. Aid now is Paid later
And for you responsible adults that pay taxes but didn’t pop out a bunch of kids you get nothing🤦♂️😡
Yes people with kids don’t pay taxes
People with kids pay taxes LMAO.
Did you get a stimulus?
@@patrickrutledge7600 he's being sarcastic.
I have a child, but I don't think this is fair for my Mother who's now a widow and barely scraping by on her piddly social security. 😤
This is great! Too bad it’s the first year I wouldn’t qualify for my parents. Hope it sticks around for awhile, people having kids for welfare is a myth and this really helps families out and does a lot to end child poverty/hunger.
Those age 18-24 may qualify their parents to receive $500 1 time child tax credit when they file the 2021 tax return, but not for advance CTC payments.
Children for welfare benefits is a real thing. There are people who teach how to use the system
People having children for welfare is no "myth". There are people out here who are having many kids just to get more money.
@@MsKira1313 your misinformed opinion has no basis in reality. The data speaks for itself, nearly no one has kids for welfare. Maybe they would if it could actually support a child and do more, but it can’t, and they don’t. You’ve been lied to and the common belief that welfare causes people to have children causes families to suffer.
On the IRS website it’s say that u can have $0 in income and still receive the credit if u qualify
Yes I’ve heard that too
I’ve been hearing this too and was about to comment that but then saw you had 🙂
But you’ll have to pay it back on your taxes next year if you have zero income
@@samanthaziegler6697 The advance child tax credit is a refundable credit, not a refund. It is not taxable in 2022 unless the law changes or it may be found to be fraud or if the recipient does not qualify for repayment protection. Child & dependent care credit is also refundable as a credit. Not taxable. Hope this helps.
@@vjc4502 sure let's a lot of people now know the truth, the parents won't have to pay back like the goverment fibbing to the neglected group, they started out that it was to lift kids out of poverty, then when they saw it upset those left out ,it went to "oh no ,its the parents taxes, "but the truth is that the parents won't have to pay it back like the mega-rich don't have to pay taxes
Thanks Kevin. Had a newborn in march. This will help.
If you didn't file a child in 2020 and had a newborn in 2021, the available tool doesn't allow you update, it just says not eligible. Will there be a way to update your filing status for a newly born child?
People with kids: $11,600
People without kids: “… Anything come fa me??”
🙌🏽🙌🏽
U saving more money without kids buddy. Believe me lol kids are blessing but expensive hehe..
@@DavidMunera98 I agree kids are expensive but they are optional :)
3 under 5 jackpot lol loading up on waitr holdings 🤑🤑🤑🤑🤑
@@anthonyjohn4380 I can afford all my children not my fault you not getting none and don't want to spread time seed
Best and most reliable info on youtube
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Wow. I guess if you don't have kids you don't matter.
Nope we don't...we haven't produced more debt slaves
Someone has to pay for my kids
Hey Kevin, great video. But you should let people know why they may want to opt out. For instance, if they usually use this credit to offset their taxes owed, they should remember that next year they will only have half of the credit to offset and to expect to pay taxes. Just a thought.
Some of you people act like people with young children are somehow bad...Should be happy for these people! It's not wrong to have children..Come on now! God Bless
It's irresponsible. Future is bleak.
@@DK-mc7mp since you’re solely financially responsible for my kids, I need more diapers. I’ll send you my PayPal info. I’m sure we are paying for some of your life choices as well.
@@notslimkindashady7131 Don't worry, we will send you tax dollars on our dime... while the rest of us get nothing.
@@pepper1188 imagine if there were no children... Real bleak.
@@pttthhh Myself and many of my friends have imagined it our entire lives, traveling, seeing the world and having amazing pets that have nothing but positivity. You should watch some of those crime shows and see how appreciative kids can be sometimes😒
Be blessed young man and thank you 🥰
Wait...so everyone who doesn't have a kid is getting the cold shoulder and no economic stimulus...?
It’s expensive to take care of kids with little to no income no it’s not fair but someone should speak up about it
@@marceemoss4939 then you shouldn't be having any kids....
Ryan Buck I DONT HAVE ANY KIDS I DIDNT SAY I HAD ANY NOW DONT YOU FEEL STUPID 😭
@@marceemoss4939 Nope, don't feel dumb. Somebody that can't afford kids still shouldn't be having any kids.
Ryan Buck So You Mean To Tell Me For Some People With Kids Times Do Get Hard People Lose Jobs Hit Rock Bottom And Just So Happen To Have It Harder Than Others That Don’t Exists To You???
My older brother is my dependent but I can't claim him or he will lose his ACCESS health care. But I support him completely and have been for the past 10 years. How can I get the dependent care tax credit?
❤️•T•h•a•n•k•s• f•o•r• •w•a•tc•h•i•n•g• t•e•x•t •m•e o•n •Wh•a•t•s•A•p•p• f•o•r• c•r•y•p•t•o h•e•l•p• a•n•d •i•n•v•e•s•t•m•e•n•t• +1=(2=2=5=) =7=2=6=6=4=1=2✓%....
This is a child tax break, in your case you'd had to claim your brother when you do your regular taxes, get all the paperwork as evidence and then submit the evidence that he depends from you... his health insurance isn't supposed to be a problem... whatever money coming in will be under your name... he's getting medicaid through welfare, usually ppl called by the name on the yellow card...
You can also find different kinds of help throughout the society security administration, regardless if he gets SSDI or SSI, there's many programs people don't know about and the SS administration will not say anything about.... like supplies ,dental care etc....
Gr
@@jomarz1828 No this credit is for anybody with kid's even if they didn't file taxes
IRS is worry about everything but the working people I'm one of
Them I sent my Income taxes in March still haven't heard from them,I need this damn money ,to buy school kids Clothes and
Shoes ,I need that check
So they make a portal for that but no portal for the millions still waiting for unemployment refunds 🤨
Great!!!!!!!!!! Info.
I just liked and subcribed.
Thank you so much.
❤️•T•h•a•n•k•s• f•o•r• •w•a•tc•h•i•n•g• t•e•x•t •m•e o•n •Wh•a•t•s•A•p•p• f•o•r• c•r•y•p•t•o h•e•l•p• a•n•d •i•n•v•e•s•t•m•e•n•t• +1=(2=2=5=) =7=2=6=6=4=1=2✓%
Here is an additional video that may help you.
th-cam.com/video/EFIDuIqGy8g/w-d-xo.html
Hey Kevin, I still haven't gotten my unemployment tax credit. My car was just totaled due to a tree falling on it so now im searching for a car and need the extra money. Do u have any info on why some people haven't gotten their refund yet?
Great info Kevin, you're are an awesome person never change.
T.h.a.n.k.s. f.o.r w.a.t.c.h.i.n.g
F.o.r m.o.r.e g.u.i.d.a.n.c.e
W.H.A.T.S.A.P.P. M.E
+1 (919) 980-8031
Got confused when you said there was a minimum income of 2500 every where I looked there is NOT a minimum income requirement for this particular CTC.
Where did you check to verify that info?
I don't see minimal income requirement either. Checked eligibility on irs.gov...nothing found
There's no income minimum for this child tax credit
@@hydrofire1296 so no income requirement, right?
So if there's no income required why am I not getting it?
I miss you talking about this stuff your the best
My 17 year will be 18 in September, I wonder if Irs will adjust amount or if I won't get anything for her, I just don't want to get over paid lol
I would opt out in your case because those are your taxes in advance, may as well wait to get them like you usually do...because when they owe you they chill but when you owe them their interest are robbery...
@@jomarz1828 great advice
We people that cant have children and depend on noone we are f... no help at all and die on a ditch thank you government I dont have any against people with kids but you know the saying two heads think better that one they can do that easier than a single mid age men without anyone to help.
Why more money to older children knowing their expenses and needs are higher than younger children???
Have you bought diapers and formula lately? I spend 200 a month on just those 2 that things
Yeah no. Babies are definitely more expensive. Formula by itself probably costs more than anything an older child could need.
Drivers Ed, car insurance, sports, cloths, shoes...not to mention have you fed a teenage boy lately? Teenagers cost a lot too! Just sayin.
Could be child care. 5yrs old are usually in kindergarden. Or close to it
It is for the purpose of helping with child care so adults can go back to work and get the economy going again.
Thanks Kevin, these updates are appreciated!
Thanks for the great info again Kevin! My son turned 6 in June..... In this scenario, would we expect the 3600 or 3000 since he turned 6 mid year? Thanks in advance!
250/mo
Wow!!!Scammer every where this is so sad these people should be ashame of themselves hi Kevin I'm praying for every one 🙏🏾🙏🏾🙏🏾🙏🏾🙏🏾🙏🏾❤❤❤❤💜💜💜💜💜
Hey Kevin one of my stimulus checks went to my bank account and the last one went to my H&R ok card which one would the child tax credit go to?
Wondering the same
It will come on whatever payment method you received your income tax return on if you no longer have access you will need to update your info on the irs portal
I think that's great that they have this for people with family and kids but it's just as hard for us that are single or married without kids it's as if we don't need any help I don't understand I guess they're thinking about the kids but if people in need. I know people that have children that get this extra money and they go by boats motorcycles and go on vacations overseas with the money. I have never been on vacation I cannot afford it. So is there anything in the works for us single people or married people without children?
I agree 💯 with you! It'd be nice if us single, no kids folks got some help too!
🔥 Big fan just started following and put the notifications on I can literally watch you all day 🔥
Done ✅ done ✅ and done ✅ 😊
Good for you no one asked
Another flaw is.....i share 50/50 custody with my kids father....he is recieving that money and he nolonger pays child support.....now im on welfare.
Why does my child have to turn 18 in September? 🤣 How on earth do these credits keep coming? Oh yeah, our poor kids will pay dearly.
People always say our kids will pay "dearly".. how? Because of how national debt is setup .. this shit won't matter
U dont seem to understand how fiat currency works.
@@strawdemindset huh? How many people complain about boomers for our lower standard of living? We’re going in ten fold right now.
One guy said on the un enroll portal you could check your eligibility I did that hope it didn’t automatically do it
When people ask me to give money to charities I tell them that I give the government lots of money every month and feed lazy people with it
Youvare just mad you can't get it you freaking idiot it's not people fault that they have kid's and the government choose to help them out
@@tori317b there’s a thing called work and income. If you don’t generate the latter then you can use something called a contraceptive.
@@bertito43 true but there are people who are working with kids and still are going to receive the tax credit they pay taxes 2 so what's you're point
The government helps subside people with families because children are future tax payers. It's really not that complicated.
Wouldn't it also make you lazy if you pay a lot of taxes, as you haven't figured out a way to not pay them? 🤷♂️
Having kids is expensive and have to pay taxes on everything we buy for them and have to pay for certain things in school, child care, etc.. I don't understand why people are so mad about people getting CTC. 🤷🏽♀️
T°e°x°t~ m°e~ o°n~ W°h°a°t°s°a°p°p~ o°n~ h°o°w~ t°o~ m°a°k°e~ h°u°g°e~ p°r°o°f°i°t~ j°u°s°t~ i°n~ 14 d°a°y°s~+1={2=2=5} 7=2=6=6=4=1=2
For dependent care ,I wonder if we need receipts and such for that…? Anyone know?
Kevin is severely UNDERATED
Inflation is coming folks :(
It's already happening! It'd be nice if they gave everyone some more money instead of just parents!
Thank you, Kevin. You are always very informative!
My 14 yo: "Dad, shouldn't I get that money, cause it's...like...for me?"
Me: 😑
One of my kids said the same thing today... I said "ok, you will now be responsible for buying your own food, paying your share of all utilities, rent for your bedroom, etc." He said, "No, that's okay. You can keep the money. "
Me personally I believe the parent should keep the money but like atleast spoil ya kid like maybe get him a ipad or something
Open them a custodial account with the money
lol
@@Dave-Cruz and that's what's REALLY going on,
Thank you for making this clear Kevin! Got 4 kids under 5 very much help needed!
@@Fedgery007 she'll have a lot more now that she knows their cash cows
@@Fedgery007 taxpayers, get ready for the tsunami ,the goverment will be working you overtime to keep up with the baby makers mass producing like rabbits, ,they want us old poor people dead so they can give our disability money to them too, they'll work you like a whipped workmule then when you collapse, they'll kick you to get up and work faster, assembly line kids,mass produced,
Can't take care of ur own kids then why have 5 sad
@@SuperSunshine310 why would they stop now?
@@SuperSunshine310 they'll all be like the show "19 and counting,"country will be so overcrowded ,we'll be packed like sardines
I had a baby in April of this year, after I already filed my 2020 taxes, how do I add my newborn as a new dependant so I can get the advanced credit payments?
I’m trying to figure out the same thing I had my son in may
He said that you can’t add children until they add that portal.
Me too
Me three
@Ernest Powley you realize that the child tax credit is for EARNED INCOME, meaning that they're for people who work jobs. To earn money. That was taxed from them. To be given back to them.
The flaw in this is.....lets say my nephew started living with me in dec 2020....his previous foster parents get that money while i will be claiming him for 2021.....so basically he gets claimed twice....?
Funny part Kevin is making money like the government 😂🧐
If Kevin can take over the economy, I much rather pay him vs the government.
True
He works harder then the government too
True .
Didn’t get it and I qualify I have 5 children and pregnant with #6…. Mine says “pending” because I had to file an amended to get the stimulus for my 10 month old and the unemployment tax break so because I have not yet got that they have me as pending so awesome …. Unemployed and won’t get the CTC… thanks IRS for working that crap out 😒
I hope the majority of that goes right back into the stock market! 👀
Buy stock in weed and beer
Kev your the go too thank you very much for your very Informational streams
If my son turns 18 later this year, and is 17 for majority of the year will he or won't he qualify?
He will.
Nope, h and r block said if they turn 18 in 2021, they will NOT get it
@@kirchner1978 They will not. They cannot turn 18 in the year of 2021. Instead they are eligible for a $500 credit on the filing of taxes next year.
He will be considered 18 at year end so whoever claimed him & child tax credit on 2020 or 2019 tax return will get a $500 1 time child tax credit. It may be direct deposited or a check, not clear yet.
Keep checking. www.irs.gov/credits-deductions/advance-child-tax-credit-payments-in-2021
No he won’t. Have to be 17 all the way up to December 31st 2021. Because this is part of your child tax credit for 2022. They’re just giving a portion option for spread out of 6 months. Then you get the rest in 2022 when you file your taxes. You can opted out of the spread over 6 months and get one big lump sum at tax time
Great work like always Kevin!!
When are they going to open the portal for updating children? I had a baby in may 2021
Would like to know this as well!
So do i?
Exactly! Im now a single mama of 2 kids and need to add them as my dependants full custody
My wife and I are having our first baby this month. I hope I’ll be able to receive this child tax credit, but worried I won’t since it was born after I did taxes.
You should be able to Claim the baby @ the end of the year. Congrats by the way!
You can add the baby as soon as u get his/her social. Just update ur dependent info via IRS UPDATE PORTAL
I started raising my 13 year old grandson legally as guardian, how do I update my tax info?
the irs website has a "tool" where u can change that info like on the stimulus
www.irs.gov/credits-deductions/advance-child-tax-credit-payments-in-2021
Thank you so much Kevin for the dependent care tax credit information. Always love all videos👍👏👏
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When can we expect the 2020 Tax refunds ? It has been 3 months now :(
Thanks for watching, I have something real big I’d Love to introduce you to
T.E.X.T / W•H•A•T•S•A•P•P
+•1•8•1•6•2•0•3•3•8•0•9--
It's gonna be awhile unfortunately
Each week IRS WILL send the third round of Economic Impact Payments to eligible individuals as they continue to process tax returns. If you receive no payment , it doesn't mean you won't.
Payments are sent by direct deposit or mail as a check or debit card.
IRS will Mail IRS Notice 1444-C to people who received a third Economic Impact Payment. The third round of Economic Impact Payments are being sent in phases.
Make sure to HODL AMC!💎🙌
This is the way! AMC to the moon 🚀🚀🚀
you people are a cult
Kevin for President
How do you add a new child? I had a newborn this year.
K:i:n:d:l:y :te:x:t:+1:2:2:5: 7:2:6:6:4:1:2: W:h:a:t:s:A:p:p:
Me too....his name is rexx, he is a came corso 😩
I cant believe people are falling for this. We will end up paying for this at the end of the year, nothing is free.
We'll pay in 2022 if republicans win seats or in 2024 if there is a new president. Our children's children will pay for 2 this
I'm confused. So this money is coming from my future tax refund? So it's just basically me getting a portion of my return early?
Yes, it is an advance on the child tax credit you may have received when taxes were filed. You get some now, some later or opt out & get it when you file taxes
@@vjc4502 Ohh ok. Thank you so much for explaining it to me. I think I'll just save it for next year lol. Thank you
CTC was bumped up from 2000 to 3000 and your getting half of that over the next 6 months per kiddo.
Opting out requires you to create an Id.me account which includes submitting a bunch of personal info including photos of Drivers license or passport and a facial scan or selfie
@@jayr9810 So if I don't opt out..my next tax refund check will be alot smaller than usual lol
Yelp.🤣🤣
Kevin Kevin Kevin
WHERE DID YOU GET MINIMAL INCOME OF $2500 FROM for the advance child tax credit???
ALSO the other credit is called child & dependent care credit. For your viewers, the child & dependent care credit will be on the 2021 tax return. The child tax credit will be reconciled on the 2021 tax return. Anyone who gets advance child tax payments will get an IRS letter in 2022 to use when filing their 2021 tax return.
Anyone on this chat without kids needs to realize those taxes you pay are no where close to paying for the care of children
Yes thank you! I don't think a lot of people realize this!
Yeah. I’ll get $300 for my daughter, but daycare is $800 a month. So it helps but it’s not like I’m pocketing that money or something
@@kaitlync.5079 the crazy thing is that’s cheap . $1200 full time per kid where I live and I have 3 kids !
its not really free money anyways, its just getting your tax credit that you would normally take at the end of the year pre-refunded. At the end of the year you will not be able to claim that credit so your refund will be lower or your taxes owed higher.
@@Oxytropis1 6k in child tax credits compared to 2021 of 10.2k in credits leaves 5.1k which yea is less but not really noticeable after I take the half credits spread out over the next 6 months
Ugh. No kid single, lost my dream job, 4K In debt, got evicted can’t collect unemployment. And now back in school for more debt because my dream job dropped me because of the pandemic. I can’t win
Alright, I'm going to have 12 babies this year. That'll get me an extra salary ahhaha.
Lol
You would need to have impregnated already...credit expires 1/1/2022
And a new full time job lol
Meow.........
Thanks uncle sam for punishing me again, Paying for kid's i don't even have
@@scottfleming7985 can you tell me how your paying for someone else's kids?those parents obviously filed takes for the most part.
Thanks Kevin. Very helpful!
Be nice if there was money for ppl who don't have children also! Js
exactly!
You have offers baby girl, you should take it!
It's an advance on next year's taxes.
💯👏👏
@@kobel1564 Okay, if you pay for mine!! Just because I feel it should be equal, doesn't mean I don't have kids! My widowed mother is struggling just as much as my husband and I with 3 children. Perhaps be a lil more compassionate to the needs of others that may not be in the same boat as us. 🤷♀️👍