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<blockquote data-quote="wjschmaltz" data-source="post: 320591" data-attributes="member: 6150"><p>I think it's $300 per month for each child under 5 and something around $275 a month for each child 6-17.&nbsp; These tax credits aren't new (put in place in 1997), the only thing that is happening right now is that they're paying them out in advance instead of people claiming the credit on their taxes.&nbsp; Which is why it's going to absolutely blind side people.&nbsp; For example, if I calculated my taxes and withholdings based on income and known credits January 2021 so I basically have no refund at tax time and now they're sending me a check for $600/month against my will, I now own them $7200 at tax time.&nbsp; Most people are spending that money without a clue because of the way the administration and media are selling the program.&nbsp; I distinctly remember one time when I was in high school my Dad saying how he wished he had more kids because they got a tax credit of $4,000 per child that year!&nbsp; So whoever had kids under the age of 18 after 1997 has likely got the same tax credit (or better).</p></blockquote><p></p>

[QUOTE="wjschmaltz, post: 320591, member: 6150"] I think it's $300 per month for each child under 5 and something around $275 a month for each child 6-17. These tax credits aren't new (put in place in 1997), the only thing that is happening right now is that they're paying them out in advance instead of people claiming the credit on their taxes. Which is why it's going to absolutely blind side people. For example, if I calculated my taxes and withholdings based on income and known credits January 2021 so I basically have no refund at tax time and now they're sending me a check for $600/month against my will, I now own them $7200 at tax time. Most people are spending that money without a clue because of the way the administration and media are selling the program. I distinctly remember one time when I was in high school my Dad saying how he wished he had more kids because they got a tax credit of $4,000 per child that year! So whoever had kids under the age of 18 after 1997 has likely got the same tax credit (or better). [/QUOTE]

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