Sunday, February 20, 2022

Newborns 2021

Good news for parents of children born in 2021.  Not only does a family filing married filing jointly, get the $3,600. tax credit for children under 6 yrs of age, they also get the $1,400 stimulus that they didn't get in March.  

This is all because of the rule of thumb that the full Stimulus was to be based on the current year, but the Treasury could only go by the information that was available on one or two prior year tax returns