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<blockquote data-quote="wjschmaltz" data-source="post: 320585" data-attributes="member: 6150">It will be interesting to see what will happen with the child tax credit stuff.&nbsp; The chickens will come home to roost when people realize that they were not indeed getting free govt. money every month, but were just basically getting a tax advance.&nbsp; It will likely result in people who used to get a large return (and factor that into their annual cash flow) now having a much smaller one and people that typically break even or receive a smaller return having to pay in.&nbsp; In my case, I will need to pay every penny of the $600/month we received back.&nbsp; People that didn't save it are going to get hammered either way and the fact that none of it was explained to people and it was marketed as free govt money means that the optics of this will be a tax increase under Joey B.&nbsp; We shall see.&nbsp; OR maybe I understand it incorrectly.&nbsp; Please line me out if needed.&nbsp; We shouldn't be talking about taxes this early.&nbsp; My blood pressure is rising and that combined with this holiday diet has my head spinning.</blockquote>

[QUOTE="wjschmaltz, post: 320585, member: 6150"] It will be interesting to see what will happen with the child tax credit stuff. The chickens will come home to roost when people realize that they were not indeed getting free govt. money every month, but were just basically getting a tax advance. It will likely result in people who used to get a large return (and factor that into their annual cash flow) now having a much smaller one and people that typically break even or receive a smaller return having to pay in. In my case, I will need to pay every penny of the $600/month we received back. People that didn't save it are going to get hammered either way and the fact that none of it was explained to people and it was marketed as free govt money means that the optics of this will be a tax increase under Joey B. We shall see. OR maybe I understand it incorrectly. Please line me out if needed. We shouldn't be talking about taxes this early. My blood pressure is rising and that combined with this holiday diet has my head spinning. [/QUOTE]

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