Quote:
Originally Posted by KurtCobain
Shouldn't that just be for the money you paid in, though?
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Taxes are set up like a bell curve. If they are getting child support payments, they have to count it as income. So their refunds are going from nothing to money coming back to them, before it goes back down to zero. If they are right at the arc ( 16,000 to 20,000 I am guessing) They will pay no tax and then get a Child Tax Credit for each kid ( $2,500 to $3,500 I think).
So they get $17,500 from their baby daddies for child support- in which it is under the threshold + they count themselves as a standard deduction- then get a refund for each kid.
That is how the get 3 k to 7 k back when never paying a dime.
Those loopholes might have been changed, so check with your tax guy.
