Jump to content
ATX Community

CTC with no children


Possi

Recommended Posts

18 minutes ago, Corduroy Frog said:

One interesting possibility might be to conjecture whether IRS will "forgive" excessive CTC payments which were not justified.

I told her to keep the money, but to expect to pay it back.... in 2025 when they catch on. LOL

  • Like 1
  • Haha 1
Link to comment
Share on other sites

33 minutes ago, cbslee said:

Perhaps you should let her know about how to "opt out."

She can't "opt out" because when she went to the web site, she "doesn't qualify for child tax credit." 

I'm not even making this up. 

 

  • Like 1
  • Haha 4
  • Confused 1
  • Angry 1
Link to comment
Share on other sites

I did a look-back, and she was the primary TP on the 2019 MFJ return with HIS 2 children on the return. 

We filed the 2020 return on MARCH 7th, 2021.

It looks like the IRS based the CTC on the 2019 return and not the 2020 return. 

How many times will this happen across the nation?PLUS, on the 2021 return, he will most surely be able to claim the entire CTC because HE (likely) never received an advanced payment. I still need to check with him.

 

  • Like 1
Link to comment
Share on other sites

On 7/23/2021 at 2:10 PM, Possi said:

I did a look-back, and she was the primary TP on the 2019 MFJ return with HIS 2 children on the return. 

We filed the 2020 return on MARCH 7th, 2021.

It looks like the IRS based the CTC on the 2019 return and not the 2020 return. 

How many times will this happen across the nation?PLUS, on the 2021 return, he will most surely be able to claim the entire CTC because HE (likely) never received an advanced payment. I still need to check with him.

 

For two children, I think the amount would be $600 per month, so it sounds like they based it on the MFJ return with 2 kiddos and gave her half and him half.  Maybe?  I agree this sounds screwed up, and somehow it will likely be my fault - everything always is. 

Link to comment
Share on other sites

On 7/22/2021 at 2:40 PM, cbslee said:

Perhaps you should let her know about how to "opt out."

She can't "opt out" because she doesn't qualify to receive it. She tried. 

 

2 hours ago, Gail in Virginia said:

For two children, I think the amount would be $600 per month, so it sounds like they based it on the MFJ return with 2 kiddos and gave her half and him half.  Maybe?  I agree this sounds screwed up, and somehow it will likely be my fault - everything always is. 

Maybe. They should have based it on the very timely filed 2020 tax year, though.  It's so discouraging and such a mess to unravel. 

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...