So for whatever reason democrats think I need an additional $500 a month because I have kids (this is monthly if i'm not mistaken)

Well I decided to buy two .22 lr Rossi lever action rifles for me kids for christmas presents. Gonna help them learn to shoot.

Imagine if they found out republicans all used that money to buy guns and ammo

 

So for whatever reason democrats think I need an additional $500 a month because I have kids (this is monthly if i'm not mistaken)

Well I decided to buy two .22 lr Rossi lever action rifles for me kids for christmas presents. Gonna help them learn to shoot.

Imagine if they found out republicans all used that money to buy guns and ammo

This is not "additional money."  It's the same money paid earlier than usual.  They are simply paying out the tax credit in advance of your 2021 filing next year.

So, if you're used to getting a certain size tax return, be prepared for a smaller return next Spring.  The child tax credit you normally get will be cut in half.

Important changes to the Child Tax Credit will help many families get advance payments
of the credit starting this summer. The IRS will pay half the total credit amount in advance
monthly payments beginning July 15. You will claim the other half when you file your 2021
income tax return. These changes apply to tax year 2021 only.

https://www.irs.gov/credits-deductions/advance-child-tax-credit-payments-in-2021

Unko Sam give en Unko Sam take.

Unko Sam give en Unko Sam take.

An wen da bugga take, he no puck around.......

Ass specially when dat old man acting like POTUS is running da country.  Or tink he running da country.

This is not "additional money."  It's the same money paid earlier than usual.  They are simply paying out the tax credit in advance of your 2021 filing next year.

So, if you're used to getting a certain size tax return, be prepared for a smaller return next Spring.  The child tax credit you normally get will be cut in half.
https://www.irs.gov/credits-deductions/advance-child-tax-credit-payments-in-2021

Knew it was too good to be true!
I don't remember getting that much in a child tax credit though. $500 X12 = $6,000 and you are saying that this equals just half of the old child tax credit? I gotta check my taxes again but I didn't think I got $12,000 for 2 kids. Plus if you didn't have income, the government didn't just send out a check for $12,000 right? In this case they are sending money out, not just taxing you less. Or have I mistaken that part of the child tax credit? (I really hate how complicated our tax system is.

Regardless, I had ordered the guns before I knew a check was coming. But if it makes the far left's heads explode I will still tell them it is that.

Knew it was too good to be true!
I don't remember getting that much in a child tax credit though. $500 X12 = $6,000 and you are saying that this equals just half of the old child tax credit? I gotta check my taxes again but I didn't think I got $12,000 for 2 kids. Plus if you didn't have income, the government didn't just send out a check for $12,000 right? In this case they are sending money out, not just taxing you less. Or have I mistaken that part of the child tax credit? (I really hate how complicated our tax system is.

Regardless, I had ordered the guns before I knew a check was coming. But if it makes the far left's heads explode I will still tell them it is that.

Last year, the child credit provided a maximum $2,000 benefit per child.  Biden's recovery plan increases that credit to a maximum $3,600 per child.  So, nearly double what you could have gotten back per child last tax year if you qualified for the max.

It's NOT 12 X $500.  it's 6 X $500 (months left this calendar year).  This year, your MAXIMUM total credit is 2 X $3,600 = $7,200.   The maximum advance is half that:  $3,600 / 6 = $600/month. 

You said you are getting $500/month, so you must not qualify for the maximum credit amount.  You're getting 6 X $500 = $3,000 for this year's advance, or $6,000 total annually for two kids.

Assuming I got that right, you probably got around $1,600 per kid last year, or $3,200 combined, since you appear to not qualify for the maximum credit.

Biden has proposed extending the advance child credit payment program for 5 more years.

This should help (I assume you are married - filing jointly) --

Under the American Rescue Plan, the CTC was expanded to $3,600 for each child under
age 6 and $3,000 for each child between ages 6 to 17. Previously, the credit had excluded
children who had turned 17 and was limited to $2,000 per child.

Aside from having children who are 17 or younger as of December 31, 2021, families will
only qualify for the expanded credit if they fall below certain income thresholds:

$75,000 or less for single taxpayers
$112,500 or less for heads of household
$150,000 or less for married couples filing a joint return and qualified widows and widowers

https://www.cbsnews.com/news/child-tax-credit-1800-dollars-per-opt-out-2021-07-08/