Yes, that’s right, the expanded, Advance Child Tax Credit is NOT stimulus money. The Child Tax Credit is an ADVANCE payment of next year’s Child Tax Credit. Taxpayers with qualifying children are entitled to claim qualifying children for an income tax credit.
With that said, there are two types of credit: refundable credit and nonrefundable credit. Although both kinds of credit can reduce your tax liability, only a refundable credit can give you a tax refund even when you do not owe taxes.
The expanded, Advance Child Tax Credit is a refundable credit for the 2021 income tax year. This refundable tax credit is being given in ADVANCE to taxpayers with qualifying children. The amount of the expanded, Advance Child Tax Credit payments that you receive during 2021 is based on the IRS’s estimate of the Child Tax Credit amount that you appropriately would be allowed for the 2021 tax year. The law requires this estimate to be based on two primary sources of information:
Your 2020 tax year return or, if that return is not available, your 2019 tax year return
Any updated information you provide to the IRS in 2021, including information provided through the Child Tax Credit Update Portal (CTC UP), which will allow you to update with the IRS your Child Tax Credit information throughout 2021, including any changes in the number of your qualifying children, changes in your income, and changes in your filing status.
In fact, the IRS began paying the Advance Child Tax Credit on July 15, 2021. The Internal Revenue Service will issue half the total credit amount, in advance, the middle of every month, from July 15 to December 15, 2021. You will claim the other half when you file your 2021 income tax return in 2022. As of now, these tax law changes apply to tax year 2021 only.
The maximum credit is available to taxpayers with a modified adjusted gross income of:
$75,000 or less for single filers and married persons filing separate returns
$112,500 or less for heads of household
$150,000 or less for married couples filing a joint return and qualifying widows and widowers.
For tax year 2021, qualifying families claiming the Child Tax Credit will receive:
Up to $3,000 per qualifying child between the ages of 6 and 17 at the end of 2021
Up to $3,600 per qualifying child under age 6 at the end of 2021
The Child Tax Credit begins to be reduced to $2,000 per child if your modified AGI in 2021 exceeds the amounts listed above:
Phase One: Reduces the Child Tax Credit by $50 for each $1,000 (or fraction thereof) by which your modified AGI exceeds the income threshold described above that is applicable to you.
Phase Two: The Child Tax Credit will not begin to be reduced below $2,000 per child until your modified AGI in 2021 exceeds:
$400,000 if married and filing a joint return OR
$200,000 for all other filing statuses
The second phase reduces the Child Tax Credit by $50 for each $1,000 (or fraction thereof) by which your modified AGI exceeds the income threshold described above that is applicable to you.
For the 2021 income tax filing season, a qualifying child is under age 18 at the end of 2021. This differs from the 2020 income tax filing season as a qualifying child was under age 17 at the end of 2020. Other general rules from income tax year 2020 in regards to the Child Tax Credit do not apply in 2021.
American Rescue Plan: Enhanced Child Tax Credit – While millions of American families view the expanded, Advance Child Tax Credit (money) as a lifeline needed to pay basic expenses, others view it as a windfall. Do you need to take the Advance Child Tax Credit? That is entirely up to you. However, it is important to think ahead. Do you have a plan for spending or not spending the money? (You have an opportunity every month through December to unenroll before the next payment lands. The deadline is three days before the first Thursday of every month)
If you feel certain you will not owe money come income tax time AND spend the Advanced Child Tax Credit (money) responsibly … why not? The premise of the expanded, Advance Child Tax Credit, as part of the American Rescue Plan Act of 2021, is to help families and to help stimulate the economy. But that does not mean the advanced credit (money) should be spent thoughtlessly. Being sensible and responsible can help set you up for future success for years to come.
Financial literacy is an understanding of the skills and knowledge that allows an individual to make informed and effective decisions with all their financial resources, including taxes! Make time to learn about the expanded, Advanced Child Tax Credit. Strong financial knowledge and decision-making skills help people weigh their options and make informed choices for their financial situations, such as deciding how and when to save and spend, comparing costs before a big purchase, and planning for retirement or other long-term savings. Be prepared, research your options, and have a plan. You will be glad you did!
The IRS doesn’t initiate contact with people by email, text messages or social media channels to request personal or financial information. People should watch out for websites and social media attempts that request money or personal information and for schemes tied to Advance Child Tax Credit payments, Economic Impact Payments, or other tax topics. Be careful of SCAMS. Report these scams to the IRS.
What do you think of when you hear the word bacteria? If you are like most people, you probably think of those teeny, tiny germs that are invisible to the naked eye, but have the potential to cause serious illness. And while you would not be wrong to think that way, you would be leaving out a huge percentage of bacteria that are considered “good” bacteria.
The common name for “good” bacteria is probiotics (from the roots pro and biota, meaning “for life”). They are a group of beneficial microorganisms that have been shown to improve a variety of digestive and other conditions, such as irritable bowel syndrome and urinary tract infections.
Foods like Greek yogurt are a good source of probiotics, which have been shown to have a positive effect on digestive health. (Photo source: Samantha Kennedy)
Probiotics are found in a variety of foods, primarily fermented foods such as Greek yogurt and cottage cheese, fermented drinks such as buttermilk and kombucha, and pickled vegetables such as pickles and sauerkraut. The bacteria required for the fermentation process – the process that gives these foods their tangy flavor – have been shown to provide natural health benefits.
The primary benefit of probiotics is their positive effect on a variety of gastrointestinal ailments such as diarrhea, ulcerative colitis, Crohn’s disease, and stomach ulcers. According to Harvard Medical School, probiotics can also help reduce the presence of harmful bacteria, such as H. pylori and C. difficile, both of which can cause digestive problems.
In Northern Europe and many Asian countries, people get probiotics mainly from food sources, where fermented foods are consumed more regularly. Here in the United States, many people get probiotics from over-the-counter (OTC) supplements. These products are not regulated by the Food and Drug Administration, however, so when choosing OTC supplements, be wary of the claims they make.
The information about probiotics is not all positive, however. Some people report an increase in diarrhea after taking probiotics for the first time, which usually goes away with time. Also, people with a compromised immune system may experience illness caused by probiotics if too many are taken.
That being said, OTC probiotics have also been shown to have positive effects on health, when taken as directed. However, they are not a cure-all, and more research needs to be done to learn more about their complete effects on gastrointestinal health and immune support. Just like with other supplements, it is important to consult with a physician or pharmacist before beginning a probiotic regimen.
So, what is the final word on probiotics? Well, it depends. While they are not a magic bullet that can cure everything that ails you, they can be a positive addition to a healthy diet. Many foods that contain probiotics also contain other important nutrients such as protein, vitamins, and minerals, which are an important part of a nutritious diet.
One more thing: do not confuse prebiotics with probiotics. Prebiotics are non-digestible, short-chain carbohydrates that serve as fuel for probiotics. On their own, they do not offer any health benefits, but they can serve to promote the growth of probiotic species. Foods with high amounts of prebiotics include fruits and vegetables and whole grains, so a diet rich in these foods can help promote the growth of beneficial bacteria.
To learn more about probiotics, please contact your local Extension agent.
If you’ve tried to find nutrition information in the midst of the Covid-19 pandemic, you probably got more than you bargained for. Recently, I searched “nutrition and COVID-19” and in less than one second, I got 590,000,000 hits. That’s a lot of information! With so much health and nutrition information available, especially connected with the ongoing pandemic, it can be TOUGH to separate fact from fiction. What makes it even tougher is that everyone seems to be passionately and totally convinced that their information is the right answer. How do you tell the hype from the truth?
The best way to protect yourself against questionable information and products is to become an informed consumer. That can be challenging as so many of us are becoming more used to getting our information from social media, websites, advertisements, friends and family. While information from those sources can be accurate, very often it is misleading. Use the following tips to evaluate nutrition information:
Know Your Experts:
Have you ever seen nutrition advice from a “nutritionist” or “diet counselor”? Beware, because those terms aren’t regulated, and almost anyone can use them to look like an expert. Registered dietitians (RD) or licensed dietitians (LD) hold specialized degrees and are good sources of solid nutritional information.
Media Sources:
The internet, books, newspapers, and magazines can be good sources of information, if you know where to look. If you’re surfing the net, select websites from credible web addresses like ones ending in .edu (universities or medical schools), .gov (government agencies), or sometimes .org (not-for-profit research and education). If you’re reading an article, always look for the author’s qualifications and membership in a professional nutrition organization. With all media, check the sources they used (If they don’t cite credible sources you can check, that’s a big red flag) and scan to the bottom to make sure they’re not trying to sell a product. If you can buy a “miracle” product, a solution, or a quick fix from them, watch out! Their information may be convincing, but it is likely biased or incomplete. At best, it calls for caution and some deeper research.
The flood of health and nutrition misinformation isn’t going away, but learning to be an informed consumer is a powerful step in learning to protect yourself from being duped.
July in National Watermelon Month. Watermelon is a sweet, low-calorie summer treat. The taste and fragrance of a cool, juicy slice of watermelon can’t be beat. Celebrate by trying this different recipe using nutritious, delicious watermelon.
Stock up on canned fruits, vegetables, meats, and heat-and-eat soups for your hurricane food supply kit. Photo source: UF/IFAS Photo by Tyler Jones.
Now that we are officially in Hurricane Season (June1-November 30) and named storms are paying a call to the Sunshine State, it’s time to make sure we are prepared.
At the top of the list is planning meals for you and your family. Many people grab snack-type foods, such as crackers, cookies, and chips, or whatever is available on store shelves when the storm is approaching without having a meal plan in mind. Use MyPlate as a guide to plan meals to include fruits, vegetables, whole grains, protein, and dairy products. Foods from each food group provide important vitamins, minerals, and other nutrients to properly fuel your body so you are better equipped to deal with the challenges and stresses that accompany hurricanes and other disasters.
Plan a two-week supply of nonperishable or canned food and juices that require little or no cooking and no refrigeration. Include healthy snacks and any special foods for infants, senior adults, or persons with specific dietary needs. Select foods your family likes and will eat. Plan meals and shop early before a storm is on the horizon so you have a greater food selection and can take advantage of sales to stock up at a reduced cost. Keep planned written menus that have worked well for you and your family inside your hurricane food supply kit in a re-sealable plastic bag.
Brenda Marty-Jimenez, Family and Consumer Sciences Agent with UF/IFAS Extension Broward County, offers the following menu suggestions:
Breakfast Ideas
Apple juice • ready-to-eat cereal • small boxes of raisins • breakfast bars with fruit • shelf-stable skim milk • tea or instant coffee • water
Orange juice • hot cereal/instant oatmeal • banana • muffin • shelf-stable skim milk • tea or instant coffee • water
Grape juice •ready-to-eat cereal • canned peaches • yogurt • bread with jam or jelly • shelf-stable skim milk • tea or instant coffee • water
Lunch Options
Chunky beef soup (ready-to-eat style that only needs heating) • crackers • carrot and celery sticks • nuts • fruit cups packed in water • vanilla wafers • shelf-stable skim milk • tea or instant coffee • water
Canned cream soup (ready-to-eat style that only needs heating) • tuna sandwich on whole-wheat bread • tomato slices • unsweetened applesauce • cookies • shelf-stable skim milk • tea or instant coffee • water
Canned chili with beans (ready-to-eat style that only needs heating) • dinner rolls with margarine or butter • broccoli florets • canned fruit • animal crackers • shelf-stable skim milk • tea or instant coffee • water
Dinner Suggestions
Canned meat or cheese ravioli • three-bean salad (canned) • fresh yellow apples • bread with margarine or butter • fat-free pudding cup • shelf-stable skim milk • tea or instant coffee • water
Egg-salad sandwich on whole-wheat bread • canned green beans • canned fruit • fat-free pudding cup • shelf-stable skim milk • tea or instant coffee • water
Mac and cheese • canned vegetable • fresh pears • dinner rolls with margarine or butter • cookies • shelf-stable skim milk • tea or instant coffee • water
Remember the four key food safety principles: Cook, Clean, Chill, and Separate.
Use a food thermometer to check the internal temperature of cooked foods.
Wash hands for 20 seconds with soap and water. Sanitize food preparation and cooking surfaces regularly.
Put leftovers in sealed bags or shallow containers and pack on ice or store in the refrigerator if it is running on a generator. Dispose of food that has been at room temperature for more than two hours (one hour if the temperature is 90oF or above) or has an off-odor, color, or texture.
Toss out food that has come in contact with contaminated flood water. Do not eat foods from dented, swollen, or corroded cans, even though the food may appear safe to eat.
Some house plants are very easy to keep alive, even if you are a first-time gardener. Photo source: Melanie Taylor
As July begins, one mental health topic we repeatedly hear or read about is how stress is negatively affecting so many Americans right now. In these unprecedented times, many people are reaching out for guidance from their doctors, therapists, friends, and family. Depending on how your stress levels are affecting you, there are numerous suggestions ranging from exercise to therapy to medication and the list goes on. There may be one solution right at your fingertips that can help you begin to find a little peace of mind starting today. Gardening…. Let’s DIG IN!
Gardening does not have to be growing a large vegetable garden in the backyard. It can be planting flowers and plants in your landscape, maintaining potted plants on your front porch and deck, or growing houseplants inside your home. One easy way to start if you have never been a gardener is by growing herbs inside or out. Many people find gardening helps them escape to a place of peace as they dig in the soil and watch their plants and flowers grow and prosper.
This idea is not new. Horticulture is the art and science of growing plants. Horticultural therapy is the practice of engaging people in plant or gardening activities to improve their bodies, minds, and spirits. Research confirms that healthful benefits accrue when people connect with nature and plants by viewing and/or interacting with them.
Enjoy socializing with friends and neighbors in the garden. Photo source: Julie McConnell
Horticultural therapy has been around for a very long time. In the 1600’s, the poor often worked in gardens to pay for their medical care. Physicians quickly noticed these patients recovered faster and had better overall health than patients who did not work in the garden. Today, many hospitals, long-term care facilities, rehabilitation centers, prisons, schools, social-service facilities, and community centers use people-plant interactions as a form of treatment for persons with physical or mental disabilities. Horticultural therapy may include meeting with a therapist specializing in this area or trying something on your own or with family, friends, or a local gardening group.
Saturday mornings are family time at the local community garden plot. Photo source: Julie McConnell
Some benefits you may receive from gardening include:
Physical: Provides exercise at various levels. (Easy, medium, and strenuous levels – it all depends on what you decide to create.)
Emotional: Promotes and satisfies your creative side, increases your feelings of confidence and self-esteem, promotes a new interest and enthusiasm for it, and even relieves tension.
Physiological: May help lower blood pressure and heart rate, decrease cortisol levels, and ultimately relieve stress.
Even if you think you do not have a “green thumb,” you should try gardening on any level and see if it will be a healthy mode of stress release for you. Happy Gardening!
Source:
UF/IFAS Extension EDIS Document ENH970: Horticultural Therapy, Elizabeth Diehl and Sydney Park Brown.
