this post was submitted on 24 Aug 2023
305 points (96.9% liked)
Asklemmy
43915 readers
1371 users here now
A loosely moderated place to ask open-ended questions
Search asklemmy ๐
If your post meets the following criteria, it's welcome here!
- Open-ended question
- Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
- Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
- Not ad nauseam inducing: please make sure it is a question that would be new to most members
- An actual topic of discussion
Looking for support?
Looking for a community?
- Lemmyverse: community search
- sub.rehab: maps old subreddits to fediverse options, marks official as such
- [email protected]: a community for finding communities
~Icon~ ~by~ ~@Double_[email protected]~
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
But like I feel like this system of deduction taxes is more difficult than any other country and it reinforces the need for americans to use software or an accountant. Am I wrong? Are other countries putting up with this shit? The biden admin is the first in my lifetime to give us credits rather than a rebate or deductible.
That's... Not at all true. There has been a child tax credit for decades. EV credits have existed for quite some time.
And yeah, other countries have some, but iirc they do it because they already track everything for VAT purposes, so it's just an extension of that.
I should have used more precise language. There's so much jargon! https://en.m.wikipedia.org/wiki/Child_tax_credit_(United_States) To my understanding this is the first time it's ever been paid directly "in advance" rather than served as a credit against your tax payments, awarding money at the end of the year - or even worse when it was non-refundable. This in advance, far higher amount, fully refundable child tax credit is fucking radical compared to what we had and what we're going back to.