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A quick search is saying the average US cost of childcare is around $850, but we're talking about a family who's unemployed. Why are we assuming a hypothetical
by bitshiftfaced 4y ago
A quick search is saying the average US cost of childcare is around $850, but we're talking about a family who's unemployed. Why are we assuming a hypothetical married household is paying for childcare when both parents are unemployed?
> And bear in mind, you have to be bringing in that much taxable income in the first place to actually get anything back.
The 2021 child tax credit was fully refundable. You get it whether you owe taxes or not.
- ocdtrekkie 4y ago> average us cost of childcare is around $850 In Nebraska, maybe. Not here. > we're talking about a family who's unemployed No, I definitely wasn't, and if you were, almost nothing you're speaking of would apply anyways. > You get it whether you owe taxes or not. There's a difference between "not owing taxes" and "not having taxable income".
- bitshiftfaced 4y agoI see. The article was talking about labor shortages, which is why I was assuming we were talking about people who hadn't reentered the workforce yet. > There's a difference between "not owing taxes" and "not having taxable income". You get it whether or not you have taxable income.