bam02 said:
Question: this guy seems to know these sub-prime customers pretty well. When talking about income tax refunds he says people expecting to get 5, 10, 15 thousand $ refunds are in for a shock.
Do a lot of people actually get this kind of refund every year???
Low income (below $30k) refunds are huge this year. The typical filer is getting similar child tax credits, and now has a refundable dependent care credit. They are also allowing them to use their 2019 income to calculate EITC which helps with those making under 15k. Anyone who has a child born in 2021 gets $5,000. ($1400 stimmy and 3600 Child tax credit)