In an interesting twist that is especially relevant right now, your tax refunds and federal benefit payments may be withheld and used to repay your defaulted loan using a process called"treasury offset." , this can mean never seeing a portion of your refund or all of it after you file your 2021 tax return.
At the moment, many students are also worried about treasury offsets coming after the advanced child tax credits that are starting to be paid out now. , says borrowers in default can rehabilitate their loans by making nine out of 10 consecutive, full, reasonable and affordable monthly loan payments, pursuant to a loan rehabilitation agreement. However, borrowers who entered a loan rehabilitation agreement before or during COVID get a leg up.
cancel student loan debt!!!!!!!!!!!!!
So, it is called paying back a loan-We know Dems do not believe in this, but it is a fact
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Panicked Man Wondering If There Something He Doesn’t Know After Child Tax Credit Hits Bank AccountFORT COLLINS, CO—Feeling panicked and bewildered by the unexpected deposit, local 30-year-old Dean Osterman was reportedly wondering Thursday if there was something he didn’t know about after a payment from the child tax credit program hit his bank account. “Wait, what? Oh jeez, no, but that’s impossible,” said… The IRS sees all, and knows all Where’s my credit for not breeding and making more humans to pollute the planet He may want to use his tax credit for paternity testing, mental health therapy or both
Source: TheOnion - 🏆 724. / 51 Read more »
‘This tax cut for working families is something we should extend,’ Biden says as Child Tax Credit payments startThe remarks come as the U.S. government on Thursday begins sending out up to $300 a month per child to millions of families --- new Child Tax Credit payments... good And Biden's energy and economic policies are a regressive tax. Gas prices and food prices are through the roof. Got my 166 bucks today thanks IRS.
Source: MarketWatch - 🏆 3. / 97 Read more »
Can monthly tax credit payments improve US childhood poverty?For the families of nearly 12 million children in the U.S. who live in poverty and disproportionately identify as African-Americans or Latinos, the Biden administration's child tax credits could be a game-changer. Biden administration cannot process millions of tax returns. People are waiting 6 months. This will be an epic failure and the media will ignore it. This is the picture ABC chooses to represent 'poverty' no wonder this country is in the shape it is!! Listen to the comments below, some will use this money for drugs etc. How will Biden fix that, couldn't fix his own son!! I know that sounds mean but it is the truth Political humanitarian aid is one of the main issues 🙄
Source: ABC - 🏆 471. / 51 Read more »
Covid scams cost Americans nearly $500 million — and criminals are now eyeing the child tax creditVictims have lost a combined $488 million, mostly from fraud involving online shopping and travel. The child tax credit poses a new opportunity for scammers.
Source: CNBC - 🏆 12. / 72 Read more »
U.S. Treasury pays out $15 bln in Child Tax Credit installmentThe U.S. Treasury said on Wednesday that about $15 billion was paid to families in the first monthly installment of the Child Tax Credit that was expanded under President Joe Biden's $1.9 trillion COVID-19 legislation known as the American Rescue Plan.
Source: Reuters - 🏆 2. / 97 Read more »
The Child Tax Credit will boost spending at Walmart, Amazon, Wingstop and other consumer brandsWalmart, Target, Amazon, Wingstop and Nike will benefit when consumers start receiving Child Tax Credit funds this Thursday. A research group calls the program an “underappreciated stimulus” that will boost spending across a variety of sectors. thanks Wingstop an Nike? Really guys..? More like Etsy, and privately owned business
Source: MarketWatch - 🏆 3. / 97 Read more »