It looks to be a credit toward your 2019 income tax liability.

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Mar 25, 2020
6:40:01pm

Ozymandias All-American

It looks to be a credit toward your 2019 income tax liability.

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Ozymandias

Previous username: imanihonjin
Bio page: Ozymandias
Joined: Oct 9, 2006
Last login: Jun 29, 2024
Total posts: 28,350 (1,311 FO)

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Messages

Author

Time

So from what I have read the $500 per kid does not appear to be tied to income

Josef K

3/25/20 6:20pm

Also if we already filed how does that work?

troutmaster13

3/25/20 6:21pm

A retroactive rebate on your 2018/2019 filing?

Mike Honcho

3/25/20 6:23pm

It looks to be a credit toward your 2019 income tax liability.

Ozymandias

3/25/20 6:40pm

Also, I read that funds will be sent out no later than 12/31...that seems odd.

Traveshamockery

3/25/20 6:28pm

So we might get this stuff in time for christmas?

troutmaster13

3/25/20 6:32pm

Everything I have seen is that it does phase out with income.

AFCougK9

3/25/20 6:32pm

From the draft bill I saw it, it was tied to income, but I dont know if that

Ozymandias

3/25/20 6:38pm

Better question....will this be counted as income on your taxes for 2020

WJCougar

3/25/20 6:58pm

RE: So from what I have read the $500 per kid does not appear to be tied to

crack

3/25/20 7:03pm

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