Child Credit Tax Confusion - KCBD NewsChannel 11 Lubbock

7/21/03

Child Credit Tax Confusion

Karla Ross was confused on Monday. The mother of two was trying to figure out if Uncle Sam would be sending her a check. Word on the street is that parents can expect up to $400 for every child. But the word is wrong.

"That's where there's misunderstanding," said tax professional Jack Mayekawa.

"A lot of them figure it's just a refund, but it's not," he said.

He's been receiving 10 calls a day, trying to sort out the confusion.

"If you had a tax here, then it would make a difference," he said to Ross.

The $400 increase applies towards taxes already paid or owed for 2002. Families who didn't owe taxes won't be receiving a check.

To qualify, children must be under 17 and have a joint household income below $110,000. The IRS will send out notices to eligible families on July 22nd.

When the checks will be mailed is dependent upon the last two digits in the filing parent's social security number. For Karla, the news was bad. The check is not in the mail.

"(Taxes are never easy), never easy. They never work out the way you want them to," she laughed.

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