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Economy

Voltaire2

(14,952 posts)

4. there is effectively no additional administrative cost.

Reply to Old Crank (Reply #3)

Sat Aug 17, 2024, 10:13 AM

Aug 2024

you file your tax return, it includes your income data, you check the box for your credit, your tax return gets processed and as usual credits are applied and a refund check, if appropriate, is issued.

Using the existing IRS system is the least cost approach.

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VP Harris is proposing a new plan that would expand the child tax credit [View all] Passages Aug 2024 OP

Good idea Old Crank Aug 2024 #1

The means test is pretty high right now: $400,000 or below for married couples to get the full credit Shermann Aug 2024 #2

Article said low income Old Crank Aug 2024 #3

there is effectively no additional administrative cost. Voltaire2 Aug 2024 #4