Again they always leave off for college age dependents! Newsflash! College age dependents are waaaaaay more expensive than children under the age of 17
If you think sending money to different countries for While we struggle here is important, sure. What’s the point of the UN if the US is the real pay pig?
@@J9theExplorer More incentive to invest more than save so it can keep up with any possible future inflations from all this. I bumped up investing since the pandemic started.
I think the only people that should be getting mandatory hazard pay are 1st responders, nurses, and hospital staff. Because just about everyone was deemed “essential”.
In my experience most of my clients base their tax withholdings during the year on receiving that $2000 per child credit, I am afraid a lot of people will under withhold taxes in 2021 and won’t save the money if it the credit is sent early. Come next tax time they will be surprised with a tax bill when they usually break even or get a refund. If this passes I will have to send letters out to all my clients to either have their withholding amounts changed or save some of the prepayments to cover taxes come tax time. I’m my option they should just send out the extra $1000 or $1600 that the credit is increasing per child and leave the $2000 credit to be taken come tax time...
I agree I rather get the $2,000 child tax credit at the end if the year not get paid monthly maybe they will have that option that you can do that at the end of the year.
They are just matching the world that surrounds them, keep feeding them ipad virtual worlds and they will act like they are still in the game. Create a calm environment and they will chill out. That's why they don't act out as much when with grandma. Trust me, I'm old and have grandkids.
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Oh gosh, seems the government has zero care on all of us. Pause for a moment and think about how being financially self sufficient is, damn the govt, 14 trading days, and and I'm dead sure of more or less $8,000.
@@christinalittle795 some people on ssi may only get 700 or 800 a monthly depending on where they live. My mom gets very little, but she learned to manage her money, but after bills she has very little for other things, but i never hear her complain, nor does she ever ask me for help. I saw a a video that they are trying to give a 200.00 boost to ssi for a year, not for sure on that tho..
So if we already filed our taxes and it’s been accepted with 2 dependents....is this bill goin to hold up our returns? Are they just not gonna give us our regular child tax credits until this bill plays out? Any info would be greatly appreciated
Would this cancel out free the insurance/medicaid that I have and my 2year old has through me? Or is it like everything else and will scew/terminate that?
I just love how they come up with the age limits 🙄 a dependent is a dependent. I still fully support and care for my 19 year old son with muscular dystrophy. Thank you Kevin for your daily updates. You by far the best one on here. Your updates are the only ones I watch. You make it make sense
Why tf do they act like children are the only ones that need support smfh take care of the senior citizens!! Frontline workers!!! Don't exclude those who need it the most.
Kids r the future. Don’t u see they trying to kill off the senior citizens . Why u think it’s a COVID out . Every dam yr it’s a new sickness... where is it coming from 🤔🤔🤔🤔think ? And as for frontline. Every one works so any one can catch it . It’s unfair to give money to front line . When ppl that cash your grocery can get sick n end up in the hospital.
Nothing can make the Democrats look good lol sorry but it's a one digit number of the bill 40% is going to gender therapy & fish farming in other lands.. but besides the bill, there is no amount of stimulus or debt accrued that could make the dems look good.
Couldn't we as well adjust our W4s? To get the "benefit early" That way we get more money in our checks(for those us lucky to work) this year and next year hopefully hit that magic # on tax season of 0
This was my expectation since I already did this last year and did this in January. I would imagine just readjusting it after the bill passes with the new child tax credit amount.
I already have done this with the current child tax credit and already have $0 taken out of my check so I can't adjust it anymore so the monthly payment seems nice
@@TheDevin179 exactly I already pay zero since they doubled the standard deduction...but I think it's going back to 12500 for married ppl in a few years
Why is it that people on unemployment get their unemployment check plus an extra extra 300 a week and those on social security and disability or getting nothing extra to help them
Thank god this will help so many families including mines.. We where illegally evicted during this Pandemic Sept 2020 & Lost our Dogs 🐕 🐶 . BUT ..... We have God on our side and we moved in to a New House.... God Is Great !!!!
Why is no one trying to help the people that needs help the most people on social security that don't get enough to buy food or meds there is no way I could make it let alone 99 percent of all americans
@@sten260 cause we are DISABLED! I have worked my ass off and for reasons out of my control I can no longer work. And I have 3 children. It's different for the people who are on social security compared to the ones who don't wanna work and collect welfare. COMPLETELY DIFFERENT
usually happens if you tell your employers wrong information so they end up not withholding more of your paycheck. but since its essentially a 0% loan it's actually more favorable that you have to pay back vs getting a big refund.
This is great, but it would be nice to help everyone. Not everyone who needs help has kids. I wish they could just help all who need help, not only people with children.
@ Rob B I think the 200k couple with the 2 kids would probably have applied for unemployment and are receiving that, while, hopefully looking for employment. If they do their 2020 taxes quickly, they would qualify for all the stimulus packages and everything this bill would provide...not an expert here, but I do have a friend with a similar circumstance
Do you want to lone the government money for a whole year for free? Your goal should be to not owe anything and not get paid back anything. People that get these big refunds are just allowing the government to borrow it interest-free.
I have 3 kids and my ex husband refuses to pay child support for the last 5 years. This helps me out so much yall do not even know. I am grateful if they pass this
@@cmara3696 why would I want it to be optional? In NC it is not unless the father gives up his rights. And the only way that happens is if someone is able to 'take over' his responsibilities. I know this cause ive been dealing with this for years
People that worked there life away that's on social security washington once again don't give a dam about them they could careless if they have money for food or meds
Totally true and that’s so so wrong that they keep being left out. I’m sending my first letters to the governor of my state and president Biden tomorrow ... more people especially ones not on social security need to send letters.
It’s crazy, I just went from Social Security, received for 3 months, I was on unemployment PUA before being self employed .. but now I was moved to Social Security Disability, I now can’t receive unemployment without explaining my life away and possibly losing the SSD .. while being self employed, I applied for the 10,000 grant, I only received 1,000 but now they offered the other 9,000 .. I have to laugh because I can’t or probably shouldn’t accept that either or I may lose my SSD .. long story short, now they’re gonna take 148.00 a month from my already small check .. No further cola increase more than 1.3% .. People don’t ever get ill, take care of your bodies .. stay young as long as you can.
Kevin, you’re the man! Thanks for the great information. Saw it here before I heard it anywhere else. I love that you show us the actual bill and then break it down so we can understand it.
They will look at 2020 or 2019 taxes... however I believe I saw Persay if a person qualified in 2019 and not 2020 they will let you chose which year to go by... so many loose ends to confuse a person !
How about for us that don’t have kids and pay hella taxes every year and lost our jobs because of COVID I only see a lot of help for people that have hella kids we need some kind of help as well we are also hurting that’s all bad!
@@rtorres675 yes, when the government stops defying working families those that have kids instead of the more general those that contribute. But it sounds good to tell that they helped American kids, more than half of people are happy with that, they can say they help America, but do they really?! It is a mess and never honing to change until childless law makers take more sits.
so people that are incapable of supporting themselves or their children are encouraged by the government to have more children. Doesn't sound like a good long-term plan.
Lol. It started as a incentive to increase birth rates ... Not something the States has had an issue with. But many other first world western countries do have this issue. Economy doesnt grow if population decreases
@@oroville12345 its being a policy enacted over 45 years ago and during that time Canada's economy has at times done better than the United States so no it's not related debt and GDP. In fact the amount of money being refunded through this system to the taxpayer is minuscule by comparison to the amount of money the government in most Western countries giving rebates to large corporations
Debt baby. No worries... increased inflation, interest rates and taxes. I mean we all could go to work and open the economy but that’s just too simple.
@@jax46 ok, dumdum. Yet another person who's been convinced that there's no pandemic, and our government can't afford to redirect funds from the Uber wealthy, and the military complex to care for the working man.🤪
@@cheshirecat6518 Biden isnt taking money away from the military complex dumb f#@k and why should people more successful then you pay or support anybody. Crazy Nancy isnt giving away her wealth.
@@letsgethigh4202 hey sh** for brains...I'm saying he COULD redirect money from bloated defense budgets...and rich people DON'T pay the same percentage of income tax...they pay LESS than the "less successful "! But I wouldn't expect a useful idiot like YOU to know that, even though it has been talked about ad nauseum at various economic summits and medias. Apparently you LIKE being a serf.
I’ve been asking the same question for weeks. Here goes again: Normally income MINIMUMS apply to CTC. Don’t earn enough, don’t get it. Does that also apply to this new proposal? Is there another special look lookback similar to EITC and stimulus checks that takes the income that benefits ppl most? Obviously many ppl had their income significantly decrease in 2020. It would only make sense to eliminate the income minimums. Please answer if you know. Thank you.
Take your monthly payments and yolo in to Tesla then come tax time you will have more or not. Stick it in a savings account and earn near nothing( still something). There are some good peer lending platforms (worthy bonds pays 5%). Money now equals more money later.
Does this 3600 credit (child under 6yr) a 2021 credit like he said, or if you are already getting the 2k credit for a child under 6 based off 2020 is it reduced to 1600? 3600-2000k? I was a little fuzzy on that as in the begginning he spoke about it being a 2021 credit, but then towards the end of the video discussed the other tax credit? If any knows let me know.
@@thestolensol7 It is 2k for one child tax credit for 2020. I have already done my 2020 taxes and they were accepted. I was wondering if this 2k affects the 3.6k they are talking about regarding the child tax credit. He made a mistake when he said 1k.
Here’s a classic one. I’m an expat living in Japan. I file taxes in America within the law. I’m always eligible for child tax credits. I cannot claim EIC because I have a foreign addresss. Because I have a foreign address I cannot take advantage of this new tax credit. So instead of $9600 for my children I will be getting maximum 2400 next year. I paid taxes more than many people in America. Received stimulus money. I swallowed my pride with the earned income credit but this is ridiculous. If they are going to hold back credit based on my address then maybe they should hold back taxing me based on my address too, whether or not I claim foreign income credit, heck they shouldn’t even need foreign eic if they’re not going to credit.
Child Tax Credit money will mostly be spent at restaurants, casinos, airlines, travel, and for alcohol and illegal drugs. If you ever noticed that there are so many Income Tax Prep storefronts in low income areas, its because they specialize in obtaining the max CTC for their clients. A single mother on Public Assistance with 2 to 4 children can get anywhere between $3k to $6k in their tax return check.
Thanks for the replies. Since we switch years I claimed her this tax season but the monthly payment would be his child tax credit for her for next year. I don't want to split it because it isn't mine. And withdrawing the money and giving it to him every month is just an unneeded hassle I would rather not deal with. I now know there will be a portal soon which I can opt out from. But I'm not sure if he will need to opt out too since he doesn't want the monthly payments over the lump some when filing.
Thank you for the update, this sounds like a great idea for people whom are really struggling to make ends meet. For those whom found a way to mange through this pandemic, I got a good feeling they may prefer to get a lump some when they file their taxes.
@@joey9511 I am pretty sure free day care, free money, and free food isn't given to people that make more than $30,000 a year. Giving tax breaks to people who earn a lot of money is not giving them money is letting them keep their hard earned money Instead of stealing it to support lazy people.
🤞🤞🤞🤞😁Do you have to have a minimum amount of income to get the Child Tax Credit? (Example only making 1000 a year) We have no taxable income because we are A VA DISABLED family with 4 kids..
A normal tax credit only goes toward taxes you owe and if there is a difference, then you don’t get the credit you can’t use. For example, If you owe $200 taxes and qualify for a $1000 tax credit, then the leftover $800 disappears. HOWEVER, a refundable tax credit does not work this way. You would get the leftover $800. This bill is written as if this is a refundable tax credit.
If you adjust your paycheck withholding to already consider the existing Child Tax credit, you've already been getting the "payment" without it having to go to the IRS first. When this get's implemented, it is important to either adjust back on your withholding so that you won't owe taxes for "double dipping", or you can adjust your withholding to consider the new amount and decline to receive the monthly payments
This bill is for 2020 so if it pass it will be utilized & prepared on your 2021 tax return, not this year. You are completing your 2020 tax return in year 2021. Your 2021 tax will have the modified exemptions or child tax credits, if passed on your next year's tax return. Hope this help, if I'm understanding your question(s).
Exactly. If it passes, you won't be able to claim the child tax credit when you file your 2021 taxes in 2022 because it will be sent out throughout this year instead. Need more with held this year to make up the difference.
I dont watch anymore tv since i meet Kevin. Not only i learn how to do day trading. Kevin turning into Scotty Kilmer rev up your engine. They have similarities hand movements lol.
This is badly needed to save the American family. With today's economy, most people need 2 working parents to even pay a mortgage. This effects the quality of children growing up that will eventually lead the country.
Kevin- would ppl on SSI and/or SSDI be eligible for the child tax credit?--- Since they would normally considered "non-filers" ? I have (2) dependents --- Im on SSDI , but file every year--- Head of household--- as a formality--- so I can claim my children--- would I receive the monthly payment ($300) --- my children are 10 and 14 - thanks for your help !!! I HAVE already filed for 2020, and IRS accepted my "return/filing"
Teenagers are a lot more expensive then little children!!! And last time I checked a senior in high school is not a adult! My girls where 17 half the year then turned 18 in September. Absolutely ridiculous!! Never got a dime for them with any of the stimulus checks, even when they were 17.
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Don't count your stimulus check before they cash.
Yup! Just wait till the tax hikes happen and all citizens are dependent on the feds regardless if you actually have an income/job or not.
Word.
@@yes0r787 +1. (4. 3 .4.) 6. 0. 2. 5. 2 .5. 6
W.H.A.T.S.A.P.P..
@@sagenate7267 Riiiight. Nice prediction Nerdstrodamus
@@sagenate7267 yup, and why do you think the fed (the British) left concentration camps in America? For the day they revolt on taxes to the queen.
Again they always leave off for college age dependents! Newsflash! College age dependents are waaaaaay more expensive than children under the age of 17
You got that right
You're right! My daughter is in college and still struggling to pay financially.
YES!!!
Exactly!!!!!!! I'm so Glad somebody else sees this as well!!! My daughter shes a jr. And she definitely needs help!
I totally agree!
He is the only person who took the time to let everyone know about the money going to different countries and why it is important
If you think sending money to different countries for While we struggle here is important, sure. What’s the point of the UN if the US is the real pay pig?
yes ....a lot of people were quiet after watching that video.
@@TKUA11 you clearly didn't watch the video.
Kevin’s always at it, I admire his work ethic so much.
Aderall 😂
@HYPERBOREAN IMMORTAL if you can’t respectfully disagree with someone and still follow them you have a problem
@HYPERBOREAN IMMORTAL Then make your own videos about trading
@HYPERBOREAN IMMORTAL So you're claiming you can do things you never did, but criticizing a multi millionaire for his strategies?
Me too! Omg! I need that energy!!
When Kevin explains it, I understood it better then any news source. 🤣😂🤣
I wouldn’t call it free money. It’s our money that the government is being so “generous” to give back to us...
Nope they just printed it out of thin air..... and tax you and your kids later
I’m not getting it back yet I pay high taxes. And now my savings is devalued by all the $ printing. 😎
@@J9theExplorer More incentive to invest more than save so it can keep up with any possible future inflations from all this. I bumped up investing since the pandemic started.
@@gamerji-li4755 this is why I hold gold silver and crypto
1️⃣0️⃣0️⃣✊
I want mandatory Hazard pay for essential workers that never stopped working during this pandemic
Yeah don't we all. We've had over 1200 people within my company test positive for Covid. Over 400 just at my workplace.
I agree...They need to get off their asses and get it done!
Kroger is closing stores.
Or just wave federal taxes for them. That’d be dope
I think the only people that should be getting mandatory hazard pay are 1st responders, nurses, and hospital staff. Because just about everyone was deemed “essential”.
Just had my baby boy yesterday 02/19/2021 10:07am Anthony Ellis Johnson 3
CONGRATULATIONS. !!!!!!!!
@@5daycrypto261 fake account!!!
@@5daycrypto261 fake account!!!!
In my experience most of my clients base their tax withholdings during the year on receiving that $2000 per child credit, I am afraid a lot of people will under withhold taxes in 2021 and won’t save the money if it the credit is sent early. Come next tax time they will be surprised with a tax bill when they usually break even or get a refund. If this passes I will have to send letters out to all my clients to either have their withholding amounts changed or save some of the prepayments to cover taxes come tax time. I’m my option they should just send out the extra $1000 or $1600 that the credit is increasing per child and leave the $2000 credit to be taken come tax time...
I agree with this !!!!
I agree I rather get the $2,000 child tax credit at the end if the year not get paid monthly maybe they will have that option that you can do that at the end of the year.
I agree! I was trying to find someone in this thread that understood my concern. I imagine we will have the ability to opt out. I only hope.
So can I get it at the end of the year instead of monthly like normal
Does Trumps tax plan expire at the end of 2020? Is that why we are saying $2000 is actually $1000. Are personal exemptions back?
My 3 yo definitely makes me feel like I have 3 kids 😭
Put the law down....
Same my son won’t stop jumping off stuff hahah
That's y nature gave us cannabis😉 😁😁😁🌈
They are just matching the world that surrounds them, keep feeding them ipad virtual worlds and they will act like they are still in the game. Create a calm environment and they will chill out. That's why they don't act out as much when with grandma. Trust me, I'm old and have grandkids.
Same!
You always have the news we need, thank you for that
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This is going to make allot of people mad when they get a smaller return or owe money to the IRS.
"1 that feels like they are 3 humans" I laughed so hard I fell off my chair. I have a 2 young toddlers and I so understood that comment. Great video.
My understanding is you'll get monthly payments for 6 months and then when you file in 2022, you can claim the other half...
Mine too.
There are two types of people in this world:
1: People who think the government is looking out for their best interests.
2: People who think.
True
🤣🤣🤣
The plan is to inflate the dollar. They want us to move away from the physical dollar. Nwo
Hands down the most prolific TH-camr i have EVER seen
FACTS!
He really is very good .When he does not know something he learns about it and then keep us informed
So they want to give us 1400 + 1400 each child and 300 a month for each kid?? Okay I'm listening g
...so for how much per month for one child over 6 ? i think 300 is if is under 6 ? anybody>?
@@percyflores7517 I believe it would be $250 a month.
@@percyflores7517 3000/12 = 250 a month if over 6.
How will payment come?
Oh gosh, seems the government has zero care on all of us. Pause for a moment and think about how being financially self sufficient is, damn the govt, 14 trading days, and and I'm dead sure of more or less $8,000.
America is blissful.
Help the low income people on social security with extra help a month so at least they could buy food and meds a month
If you're on social security and you're struggling its probably because you didn't manage your money very well when you were working.
@@nunyuhbusiness9016 wow
People on SS haven’t lost any income during the pandemic.
@@christinalittle795 some people on ssi may only get 700 or 800 a monthly depending on where they live. My mom gets very little, but she learned to manage her money, but after bills she has very little for other things, but i never hear her complain, nor does she ever ask me for help. I saw a a video that they are trying to give a 200.00 boost to ssi for a year, not for sure on that tho..
@@nunyuhbusiness9016 your an idiot!
I am a CPA current tax law is $2000 per child not $1000
So if we already filed our taxes and it’s been accepted with 2 dependents....is this bill goin to hold up our returns? Are they just not gonna give us our regular child tax credits until this bill plays out? Any info would be greatly appreciated
@@RichiePo it's for 2021 years taxes
@@RichiePo answer is in the video. Rewatch
Would this cancel out free the insurance/medicaid that I have and my 2year old has through me? Or is it like everything else and will scew/terminate that?
@@TopVillain you already received your tax return?
So basically a tax season refund
just through-out the year.
“KEEP THAT IN MIND”
when taxes are no longer your yearly bonus or payback.
I rather get it in one lump sum at the end of the year
I just love how they come up with the age limits 🙄 a dependent is a dependent. I still fully support and care for my 19 year old son with muscular dystrophy. Thank you Kevin for your daily updates. You by far the best one on here. Your updates are the only ones I watch. You make it make sense
Why tf do they act like children are the only ones that need support smfh take care of the senior citizens!! Frontline workers!!! Don't exclude those who need it the most.
Kids r the future. Don’t u see they trying to kill off the senior citizens . Why u think it’s a COVID out . Every dam yr it’s a new sickness... where is it coming from 🤔🤔🤔🤔think ? And as for frontline. Every one works so any one can catch it . It’s unfair to give money to front line . When ppl that cash your grocery can get sick n end up in the hospital.
@@shordy77 population control
I’d rather them just give us the credit at tax time because it’s hard to save and we always owe on taxes cause we own a small business
Ikr
It's not for you to spend on yourself. It's for you to spend on your kids you selfish fucks.
@@hiphopvenom if you don’t have bills you can then spend on your kids
Thanks for commenting, I will refer you to my analyst and accountant to make good income, go more on digital assets
+1. (4. 3 .4.) 6. 0. 2. 5. 2 .5. 6
W.H.A.T.S.A.P.P..
This will make Democrats look good . Its a great bill that will help working class families get them out of poverty.
Nothing can make the Democrats look good lol sorry but it's a one digit number of the bill 40% is going to gender therapy & fish farming in other lands.. but besides the bill, there is no amount of stimulus or debt accrued that could make the dems look good.
When do you hang out with your wife? 😂 every 30 minutes we are getting an update. 😂
I know right 🤣
She's with kevin in sales
lol she’s a down chick I love them both so much positive energy.
At night in the bed
They are 20 year old millionaires, she's fucking working too hell is son probably plays stocks not legos
Of course something like this comes out when my kid is 18 and is on his way to college.
😂😂😂
Couldn't we as well adjust our W4s? To get the "benefit early" That way we get more money in our checks(for those us lucky to work) this year and next year hopefully hit that magic # on tax season of 0
This was my expectation since I already did this last year and did this in January. I would imagine just readjusting it after the bill passes with the new child tax credit amount.
I already have done this with the current child tax credit and already have $0 taken out of my check so I can't adjust it anymore so the monthly payment seems nice
@@TheDevin179 exactly I already pay zero since they doubled the standard deduction...but I think it's going back to 12500 for married ppl in a few years
Why is it that people on unemployment get their unemployment check plus an extra extra 300 a week and those on social security and disability or getting nothing extra to help them
Once again older Americans that built this country a forgotten
Because unemployment only gives part of your pay when working.
@@donnabrockbank8296 I only get $500 a month
@@dustonhuneycutt5307 I know. I don't know how people are suppose to live on that. 401k? Food stamps?
And why is it the people that work 2 jobs and therefore pay in more and make more get nothing at all?
Thank god this will help so many families including mines.. We where illegally evicted during this Pandemic Sept 2020 & Lost our Dogs 🐕 🐶 . BUT ..... We have God on our side and we moved in to a New House.... God Is Great !!!!
Why is no one trying to help the people that needs help the most people on social security that don't get enough to buy food or meds there is no way I could make it let alone 99 percent of all americans
Please wait !! Complaining in public forum will enable trump and his supporters as you are criticizing Biden.
@@shreyasr1989 😂😂😂 lolol
@@floridaman7 once they start letting anyone in and reward illegal immigrants with voting power then the real fun will begin.
why don't you like, get a job like rest of us?
@@sten260 cause we are DISABLED! I have worked my ass off and for reasons out of my control I can no longer work. And I have 3 children. It's different for the people who are on social security compared to the ones who don't wanna work and collect welfare. COMPLETELY DIFFERENT
I owe every year now. So would that mean I'm literally getting forced to take a loan?
usually happens if you tell your employers wrong information so they end up not withholding more of your paycheck. but since its essentially a 0% loan it's actually more favorable that you have to pay back vs getting a big refund.
Shovel
I'm self employed. I was referring to the "overpayment " portion of his video.
Mr.Kevin I do not have that app.
@@andreaswearingen1127 app isn’t up yet
This is great, but it would be nice to help everyone. Not everyone who needs help has kids. I wish they could just help all who need help, not only people with children.
Children can’t help themselves so... but I get it
This bill is all about getting kids out of poverty. We over 100 million kids growing under poverty line . I hope it helps them.
The 1400 checks is already in the bill. But starving children is a fair concern, so I do think doing both is important now.
@@robb5270 stop talking sense! No one wants to hear that lol.
@ Rob B I think the 200k couple with the 2 kids would probably have applied for unemployment and are receiving that, while, hopefully looking for employment. If they do their 2020 taxes quickly, they would qualify for all the stimulus packages and everything this bill would provide...not an expert here, but I do have a friend with a similar circumstance
This is better than watching news on TV.
I think I'll opt out. Would rather get it during taxes, incase I owe.
Smart
Do you want to lone the government money for a whole year for free? Your goal should be to not owe anything and not get paid back anything. People that get these big refunds are just allowing the government to borrow it interest-free.
Me too
Same!
and this is why I’m republican
I have 3 kids and my ex husband refuses to pay child support for the last 5 years. This helps me out so much yall do not even know. I am grateful if they pass this
@Meet Kevin 😒
@@c.michelle6036 child support is optional
@@cmara3696 why would I want it to be optional? In NC it is not unless the father gives up his rights. And the only way that happens is if someone is able to 'take over' his responsibilities. I know this cause ive been dealing with this for years
@Meet Kevin no now leave me alone fake kevin.
Why is he stop paying ?
Good afternoon, hope everything is well. Thank you so much for keeping us informed.
@Meet Kelvin i just reported you
People that worked there life away that's on social security washington once again don't give a dam about them they could careless if they have money for food or meds
Totally true and that’s so so wrong that they keep being left out. I’m sending my first letters to the governor of my state and president Biden tomorrow ... more people especially ones not on social security need to send letters.
so by helping one group they are automatically shunning another? please...
It’s crazy, I just went from Social Security, received for 3 months, I was on unemployment PUA before being self employed .. but now I was moved to Social Security Disability, I now can’t receive unemployment without explaining my life away and possibly losing the SSD .. while being self employed, I applied for the 10,000 grant, I only received 1,000 but now they offered the other 9,000 .. I have to laugh because I can’t or probably shouldn’t accept that either or I may lose my SSD .. long story short, now they’re gonna take 148.00 a month from my already small check .. No further cola increase more than 1.3% .. People don’t ever get ill, take care of your bodies .. stay young as long as you can.
@@brianakins83 if your on ss or ssd and ssi you still get the stimulus checks.so i dont know why they say they dont.
This is a fiscal nightmare and I have a child.
Agree
Agree I would rather get the lump sum at the end of the year
I agree 😬
Kevin, you’re the man! Thanks for the great information. Saw it here before I heard it anywhere else. I love that you show us the actual bill and then break it down so we can understand it.
Thanks i appreciate your review
Text me to make profits.!
+1(682)-710-3815.🇺🇸
Would love to know how this impacts divorced parents who take turns claiming the child tax credit, every other tax year
They will look at 2020 or 2019 taxes... however I believe I saw Persay if a person qualified in 2019 and not 2020 they will let you chose which year to go by... so many loose ends to confuse a person !
Happy Saturday Kevin.
How about for us that don’t have kids and pay hella taxes every year and lost our jobs because of COVID I only see a lot of help for people that have hella kids we need some kind of help as well we are also hurting that’s all bad!
Exactly nothing for single tax payers who pays high high taxes to cover all these expenses
It is the singlehood or childless penalty. Use less and contribute more for the system and always get screwed 🤷♀️
@@pamelajaskot4538 Very true something needs to be changed so everyone gets equal help
@@rtorres675 yes, when the government stops defying working families those that have kids instead of the more general those that contribute. But it sounds good to tell that they helped American kids, more than half of people are happy with that, they can say they help America, but do they really?! It is a mess and never honing to change until childless law makers take more sits.
@@pamelajaskot4538 you are absolutely right
Canada has had this my entire life 46yrs. Good stuff
Yeah and they have more debt then the u.s. based on GDP.
so people that are incapable of supporting themselves or their children are encouraged by the government to have more children. Doesn't sound like a good long-term plan.
@@duanejackson6718 exactly they want them votes
Lol. It started as a incentive to increase birth rates ... Not something the States has had an issue with. But many other first world western countries do have this issue. Economy doesnt grow if population decreases
@@oroville12345 its being a policy enacted over 45 years ago and during that time Canada's economy has at times done better than the United States so no it's not related debt and GDP. In fact the amount of money being refunded through this system to the taxpayer is minuscule by comparison to the amount of money the government in most Western countries giving rebates to large corporations
everyone right now: 🤰
Either you are ironic or you don't know how much kidz cost
Time to make babies
There really are dummies who think like this 🤣
@@Fieldoak only if you’re thinking in the currency of money. Kids are more than just something you spend money on
Lol!!!
Parents who have shared custody of their kids should both get the credit.
Who clicks on Kevin’s videos and instantly reads the comments section for a quick answer?! 😂
Thanks Kevin For The Awesome Updates ♥️
Keep the money printing press going! You’ll need all that for groceries alone.
QUESTION: if you already filed your taxes (with dependents) and received your refund, how do you get that newly passed child tax credit? If possible?
It's technically for next year.. you'll get payments from July-dec then the other half next year with taxes.
@@Mandy-nt2cs
I appreciate you taking the time out to answer my question. 🙋🏽♀️
A lot of people gonna be surprised with they owe uncle Sam at tax time.
I have three kids and it does sound great.. but im confused how the government is going to pay for all this.
The same way they bail out wall street, air lines and corporations.
Debt baby. No worries... increased inflation, interest rates and taxes. I mean we all could go to work and open the economy but that’s just too simple.
@@jax46 ok, dumdum. Yet another person who's been convinced that there's no pandemic, and our government can't afford to redirect funds from the Uber wealthy, and the military complex to care for the working man.🤪
@@cheshirecat6518 Biden isnt taking money away from the military complex dumb f#@k and why should people more successful then you pay or support anybody. Crazy Nancy isnt giving away her wealth.
@@letsgethigh4202 hey sh** for brains...I'm saying he COULD redirect money from bloated defense budgets...and rich people DON'T pay the same percentage of income tax...they pay LESS than the "less successful "! But I wouldn't expect a useful idiot like YOU to know that, even though it has been talked about ad nauseum at various economic summits and medias. Apparently you LIKE being a serf.
I’ve been asking the same question for weeks. Here goes again: Normally income MINIMUMS apply to CTC. Don’t earn enough, don’t get it. Does that also apply to this new proposal? Is there another special look lookback similar to EITC and stimulus checks that takes the income that benefits ppl most? Obviously many ppl had their income significantly decrease in 2020. It would only make sense to eliminate the income minimums. Please answer if you know. Thank you.
if you dont have any income will you still get the child tax credit
Thank you for explaining i was so confused about the child tax thing.
How long does the coupon code last?? btw love the videos!!!
How does this work for newly pregnant women? Does it only apply for children who were claimed on 2020 taxes?
I’d rather opt out and get my big return that I get to use for a big family “thing”: trip, toy, experience, etc.
Thanks for commenting, I will refer you to my analyst and accountant to make good income, go more on digital assets text him now
+1. (4. 3 .4.) 6. 0. 2. 5. 2 .5. 6
W.H.A.T.S.A.P.P....
It's supposed to help parents for daycare, babysitters each month etc
Or save the monthly payments in a high yield savings account.
Take your monthly payments and yolo in to Tesla then come tax time you will have more or not. Stick it in a savings account and earn near nothing( still something). There are some good peer lending platforms (worthy bonds pays 5%). Money now equals more money later.
One of the hardest working TH-camrs. 💪🏽Thanks Kevin 👍🏽
Thanks for commenting, I will refer you to my analyst and accountant to make good income, go more on digital assets text him now
+1. (4. 3 .4.) 6. 0. 2. 5. 2 .5. 6
W.H.A.T.S.A.P.P....
Kevin, current child tax credit is $2000 per child..not $1000 as you stated.
Does this 3600 credit (child under 6yr) a 2021 credit like he said, or if you are already getting the 2k credit for a child under 6 based off 2020 is it reduced to 1600? 3600-2000k? I was a little fuzzy on that as in the begginning he spoke about it being a 2021 credit, but then towards the end of the video discussed the other tax credit? If any knows let me know.
@@jeffbowling8891 That is correct Jeff. It is going to be 1600 on top of 2000 for child under 6 and 1000 for child above 6.
He actually said "$2k for 2 children.. or $1k for one.."
@@thestolensol7 It is 2k for one child tax credit for 2020. I have already done my 2020 taxes and they were accepted. I was wondering if this 2k affects the 3.6k they are talking about regarding the child tax credit. He made a mistake when he said 1k.
@@bishalgole8552 okay so it is based off the 2020 child tax credit then? I though he said it was not at the front end of the video.
Here’s a classic one. I’m an expat living in Japan. I file taxes in America within the law. I’m always eligible for child tax credits. I cannot claim EIC because I have a foreign addresss. Because I have a foreign address I cannot take advantage of this new tax credit. So instead of $9600 for my children I will be getting maximum 2400 next year. I paid taxes more than many people in America. Received stimulus money. I swallowed my pride with the earned income credit but this is ridiculous. If they are going to hold back credit based on my address then maybe they should hold back taxing me based on my address too, whether or not I claim foreign income credit, heck they shouldn’t even need foreign eic if they’re not going to credit.
Will this include any child who's parent who is on SSDI or SSI? Those who normally don't pay or file taxes?
My question as well--- Im on SSDI, but I DO file as head of household every year so I claim my kids - are we eligible?
@@andrewfrancese8132 same situation, wondering as well
I have a 15 yr old and im on ssa wonder if we will qualify this monthly check if no earned income ???
@@nothanksimgood5544 cant find answer anywhere on line-- I sent a PM to Kevin--- hopefully, he will reply--- I will trust his answer
@@andrewfrancese8132 cool thank you, I do too
Awesome thank you Kevin for the info
So I'm getting $1400 for my 16 year old and myself each?
That’s the plan! 🤞🏼
Yes we are i have a 15yr old only
Yes adults and dependants get the $1,400 when this is passed, so like my household me, my wife, and our 6 year old will get the $1,400 each......
Kenneth Cadwell thanks,it's confusing!
@@kennethcadwell2124 depends on how you filed
Child Tax Credit money will mostly be spent at restaurants, casinos, airlines, travel, and for alcohol and illegal drugs. If you ever noticed that there are so many Income Tax Prep storefronts in low income areas, its because they specialize in obtaining the max CTC for their clients. A single mother on Public Assistance with 2 to 4 children can get anywhere between $3k to $6k in their tax return check.
Thanks for commenting, I will refer you to my analyst and accountant to make good income, go more on digital assets text him now
+1. (4. 3 .4.) 6. 0. 2. 5. 2 .5. 6
W.H.A.T.S.A.P.P....
My cat identifies as my child? Where’s my commie payments 🤷🏻♂️
You're too proud to accept it. You like bootstraps.
@@whatwouldtarado213 you’re right, I don’t need it because I’m not a broke cockroach trying to live off tax payer dollars.
Sad soul
No one should get credit for kids. Kids are a choice not a neccessity.
My child's father and I switch off every year on who claims our daughter. How would that work?
Why not just split the monthly payment
Wow lol
Whoever claim her on their taxes
Thanks for the replies. Since we switch years I claimed her this tax season but the monthly payment would be his child tax credit for her for next year. I don't want to split it because it isn't mine. And withdrawing the money and giving it to him every month is just an unneeded hassle I would rather not deal with. I now know there will be a portal soon which I can opt out from. But I'm not sure if he will need to opt out too since he doesn't want the monthly payments over the lump some when filing.
Thanks for the break down 👊🏾
This will be a tax nightmare for people
Yes 😞
It might seem frustrating; but I think it would be simplified, especially if you file electronically...
I won't take this credit. Its going to have a lot of surprised people owing money on their taxes next year
Great video as always much needed.
Let it past first then give the breakdown
Lol
Heard about this and immediately searched for your name cuz I know you’ll break it down for me to understand 😭😭 thank you 🙏🏻
I listen to meet Kevin more then my girlfriend lol
Sounds like a red flag
It's true I listen to him to and from work while I work out at the gym etc etc
Glad u feel comfortable sharing that 😂
Sounds like a green flag
🤣😂
Right now, you don’t qualify for the child tax credit if you don’t meet a minimum threshold of “earned income”. Does that change with this credit?
Should I filed my taxes now or wait?
Damn!! I clicked so quick when I saw your name! Lord! 😂. Thank you for all you do. Much love from Texas
Thank you for the update, this sounds like a great idea for people whom are really struggling to make ends meet.
For those whom found a way to mange through this pandemic, I got a good feeling they may prefer to get a lump some when they file their taxes.
I should get a tax credit for not being a burben. Thx for all the info, best regards.
HAHAHA!!! Definitely right! 🤣
Sorry new policy. We only take from the well off and give to the rich
If you do get that credit, spend it on some spelling classes.
Either you mean burden or bourbon....either way i feel you bro
@@joey9511 I am pretty sure free day care, free money, and free food isn't given to people that make more than $30,000 a year. Giving tax breaks to people who earn a lot of money is not giving them money is letting them keep their hard earned money Instead of stealing it to support lazy people.
Hi again kevin need some of that uplifting spirit of yours thanks for sharing your day With us appriciate it ☘️🎶🙂🗞️☕
OMG I still have time to make more babies. Honey..... Kevin said we need to do it again!!
B...T...c a.n.d c.r.y.p.t.o l.n.v.e.s.t.m.e.n.t?.
Dm
W. H. A. T. S. A. P. P+1. 6. 2. 6. 6. 0. 8. 3. 2. 8. 1.
🤣🤣🤣🤣🤣🤣
My baby was born January 25 2021 so how would that work would we have to wait until we file our taxes
🤞🤞🤞🤞😁Do you have to have a minimum amount of income to get the Child Tax Credit? (Example only making 1000 a year)
We have no taxable income because we are A VA DISABLED family with 4 kids..
A normal tax credit only goes toward taxes you owe and if there is a difference, then you don’t get the credit you can’t use. For example, If you owe $200 taxes and qualify for a $1000 tax credit, then the leftover $800 disappears. HOWEVER, a refundable tax credit does not work this way. You would get the leftover $800. This bill is written as if this is a refundable tax credit.
If you adjust your paycheck withholding to already consider the existing Child Tax credit, you've already been getting the "payment" without it having to go to the IRS first. When this get's implemented, it is important to either adjust back on your withholding so that you won't owe taxes for "double dipping", or you can adjust your withholding to consider the new amount and decline to receive the monthly payments
Is there a minimum amount you have to make to get the child tax credit?
Sadly no. you can be a lazy piece of crap and still get it. More Welfare anyone?
@@bh7940 I’m actually a single mom of 3 who lost my job due to the pandemic. I had to stay home and do schooling with them... actually
@@bh7940 So, fuck you
@@morganmontgomery3461 classy
Better than CNBC
So this means I have to modify my exemptions for this year to account for the child tax credits not being available at tax filing time?
This bill is for 2020 so if it pass it will be utilized & prepared on your 2021 tax return, not this year. You are completing your 2020 tax return in year 2021. Your 2021 tax will have the modified exemptions or child tax credits, if passed on your next year's tax return. Hope this help, if I'm understanding your question(s).
I have a feeling the refund we receive in 2023 will take the biggest hit... receiving payments in January 2022 versus this year starting in July.
Exactly. If it passes, you won't be able to claim the child tax credit when you file your 2021 taxes in 2022 because it will be sent out throughout this year instead. Need more with held this year to make up the difference.
This also encourage retail investors to keep money in the stock market.
Finally some more details!
Your the best kev! Thank you for the breakdown
Is this optional or does it have to be monthly?
They are working on having an option to not take monthly payments if this passes
Thank you Kevin for all that you do! Your awesome bud 😻
I dont watch anymore tv since i meet Kevin. Not only i learn how to do day trading. Kevin turning into Scotty Kilmer rev up your engine. They have similarities hand movements lol.
Lol I watch Scotty,, chris sain ,stock moe,
Scotty is the man!
Chris sain got me into fuelcell energy ⛽️
Lol 100%
I will refer you to my trade analyst and accountant to make good income, go more on digital assets
Hello Kevin. I admire your work ethic.
This is badly needed to save the American family. With today's economy, most people need 2 working parents to even pay a mortgage. This effects the quality of children growing up that will eventually lead the country.
Kevin- would ppl on SSI and/or SSDI be eligible for the child tax credit?--- Since they would normally considered "non-filers" ?
I have (2) dependents --- Im on SSDI , but file every year--- Head of household--- as a formality--- so I can claim my children--- would I receive the monthly payment ($300) --- my children are 10 and 14 - thanks for your help !!! I HAVE already filed for 2020, and IRS accepted my "return/filing"
Why isn't there a sustainability tax credit for those of us who choose not to have children 🤣
Thanks i appreciate your review i can link you up with something new Text me.!
+1(682)-710-3815.🇺🇸
Because the government wants to distract the votes from the kids later. It’s a long term plan.
If they can deliver SSI and other benefits monthly, they should be able to do this monthly.
how about if you get ssi and your a non filer how do you get the child tax
My question as well--- Im on SSDI, but I DO file as head of household every year so I claim my kids - are we eligible?
Teenagers are a lot more expensive then little children!!! And last time I checked a senior in high school is not a adult! My girls where 17 half the year then turned 18 in September. Absolutely ridiculous!! Never got a dime for them with any of the stimulus checks, even when they were 17.