How do you give tax credits (cuts) to people who don't pay taxes?
Tax credits have nothing to do with whether you pay taxes or not. If you owed $100 or got a refund of $100, you still would get that credit added to adjust your total taxes. That would likely result in a refund for taxes you didn't even pay.
Wut???
Tax credits have nothing to do with whether you pay taxes or not.
Wut ^2????
Reading is a problem for you? I explained it very clearly in the post.
A tax credit is a credit against taxes paid, OK?
If you pay $0 in taxes, it has $0 benefits for you, OK?
That is right.
Once could get $1,000 per child, because I paid taxes, now it is ZERO because I don't pay any taxes at all and it says why right there in the TurboTax forms. Now that my tax return money is so small, I no longer use Turbot Tax starting this year since there is no longer a reason to pay them $60 for it when my refund was just $130 last year. It will be even less this year.
Now I can't use anything related to my children anymore, thus I get nothing out of it.
I will give you another example. My daughter had to file using the EITC a few years ago. Her refund was more that I paid in taxes for the entire year even though she was working for slightly more than minimum wage.. I don't know why you can't read or do your taxes correctly.
I have no idea what YOU or your daughter are doing, what I told you is the truth and that is what Turbo Tax based tax form stated.
I have NEVER been qualified for EIC, but was able to claim the Child tax credit for several years until last year because it was the first time I didn't pay any taxes at all.
I guess you are unfamiliar with the former Secretary of the Treasury know as Turbo Tax Timmy, That software is ******* garbage!
I just finished my taxes. Pardon my saying it, but you are full of shit. That's why people hate tax credits.
Now you get nasty and stupid on me, I didn't argue against your tax experience or your daughters either because It isn't my interest and have no idea what goes on in your tax stuff.
It is clear you don't know how the Child Tax credit is figured out. You seem oblivious that there is a work sheet now in place for the level of Child Tax credit, it was this work sheet that showed me I can't qualify with any of the Child tax credit last year, it is a part of the 1040 tax form,
here is a whole page on at the IRS website, one of the forms on the website specifically pertains to me, not going to tell which one.
It will show you that someone like me who has ZERO TAXABLE earned income (
I am on disability pay through Social Security) can't claim child tax credit.
You finally get it?