The $1,100 Per Child Tax Rebate Bonus For Unmarried Parents
Is it going to be “administratively practicable” for IRS to unscramble this egg? I have to let you make your own judgement on that. I would say that if you do score the extra $1,400, put it aside just in case.
Stimulus Checks And Your 2020 Return – Hurry Up Or Wait ?
What makes it confusing is that the actual credit is determined on the 2021 return. There is a true-up then with the advance payment, but the true-up only goes one way i.e. in favor of the taxpayer. You can come out ahead if you get an advance payment that is more than the 2021 credit.
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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.