Just The News-
Congress’ decision to expand the child tax credit to allow more individuals and couples to qualify, including those without income, has raised concerns of heightened fraud and improper payments made by the IRS.
House Majority Leader Steny Hoyer (D-Md.) urged the Treasury Department and the IRS on Tuesday to “tighten up the system” as the agencies prepare to send out advance monthly child tax credit (CTC) payments.
As the IRS begins to roll out an automatic advance monthly payment system for the CTC with the first payments starting in July, there’s a risk of double CTC claims in “split custody situations,” according to Garrett Watson, an expert with the Tax Foundation.
The monthly payments were included as part of President Biden’s $1.9 trillion American Rescue Plan. The payments would be based on information reported to the IRS on tax year 2020 or 2019 returns. The $1,400 stimulus payments in Biden’s rescue plan were based on the same tax information. more
Just print more money…..
and the printer goes bbbrrrrrr……..
If we take Loretta one step further and identify as people with children even though we never actually had any, how big of a mob could we put together to march on D.C. and demand the tax credit?
How the heck do you get a tax credit when you don’t pay tax?
@DaveHuff
Hey! It worked for Jimmah Catah, didn’t it? 😳
“…to allow more individuals and couples to qualify, including those without income…” In other words, illegal aliens who get paid “under the table”.
And they’ll rain it on you without your asking by default. Worry about that leaky proof and paperwork and stuff later.