Reasons to be cautious about the advance tax credit

Wednesday, July 21, 2021
 | 
Chris Woodward (OneNewsNow.com)

US Capitol White House money backgroundThe government has begun issuing child tax credit payments, and while some Americans may welcome the money, one mom does not share that sentiment.

While Carrie Lukas, president of the Independent Women's Forum (IWF), says intentions may be good, she worries that people are increasingly getting used to having regular payments from the government.

"There's a lot of folks out there who are going to become accustomed to this, and at some point we've got to figure out who is paying for this," she comments. "The truth is that we all are."

Lukas acknowledges that the money comes at a time when the costs of gasoline, groceries, and other items are rising.

Lukas

"I'm a mom of five, and if someone sends me a check for $300 or $900, I'm definitely going to say, 'Boy, I know a million ways I can use this!' And that's what makes this really hard," says Lukas. "A lot of people may think that they can take this money now, and they're going to be surprised when, come April … that tax refund may not be there, or they may find that they owe more in taxes because they've been taking this out."

So she says there is reason to be cautious about receiving the money.

The first advanced child tax credit payment has already been made to qualifying households. Those who are eligible but wish to unenroll do have the option on the IRS website, although some readers tell One News Now that it has not been an easy process. Others have stated they were unable to unenroll.

Comments

We moderate all reader comments, usually within 24 hours of posting (longer on weekends). Please limit your comment to 300 words or less and ensure it addresses the article - NOT another reader's comments. Comments that contain a link (URL), an inordinate number of words in ALL CAPS, rude remarks directed at other readers, or profanity/vulgarity will not be approved. More details

SIGN UP FOR OUR DAILY NEWS BRIEF

FEATURED PODCAST

VOTE IN OUR POLL

The war-ready condition of the U.S. armed forces is…

CAST YOUR VOTE

GET PUSH NOTIFICATIONS

SUBSCRIBE

LATEST AP HEADLINES

Still waiting, Senate grinds away on $1T infrastructure bill
Police: 10 shot in Queens by 2 men who fled on mopeds
Evacuations lifted as progress made against western fires
Israeli premier blames Iran for tanker attack; Tehran denies
Burkina Faso sees more child soldiers as jihadi attacks rise
Pizza for shots: UK targets young with vaccine incentives

LATEST FROM THE WEB

'Abysmal' comment by potential 2024 GOP presidential hopeful disgusts conservatives
Big Tech and its role in thrown elections
'Delta alarmism' may keep some schools closed
Woo-hoo! There’s now another way to push back against mask mandates
The left is desperate for COVID restrictions to continue

CARTOON OF THE DAY

Cartoon of the Day
NEXT STORY
D.C. mayor wants more cops but they don't just appear

policeman by patrol carAfter fighting city council members last year, Washington, D.C.’s mayor is the latest Democrat to demand more police officers when shots ring out, but a veteran law enforcement officer says it’s a little late for the nation’s capital.