Posi Tax
Level 2
03-20-2021
05:56 PM
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Does anyone knows when they are going to update the Child Tax Credit software to reflect Biden's new tax rulings?
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abctax55
Level 15
03-20-2021
06:01 PM
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Probably when the software comes out this fall?
Those changes don't pertain to 2020 tax returns.
HumanKind... Be Both
Level 15
03-20-2021
06:05 PM
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In the 2021 software package.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Posi Tax
Level 2
03-20-2021
07:56 PM
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I was under the impression that the the increase in the child care credit from $2K to $3K was effective immediately for those filing their 2020 tax returns (providing income limit)................similar to the credit of $10K given to those with a 1099G which has already been calculated in the new software update yesterday. Thanks
????????
sjrcpa
Level 15
03-20-2021
08:00 PM
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You got the wrong impression.
The more I know the more I don’t know.
Posi Tax
Level 2
03-20-2021
08:16 PM
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Ok Thanks ......been glued to screen for too long. lol