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Posi Tax
Level 2
March 20, 2021
Question

child tax credit update

  • March 20, 2021
  • 5 replies
  • 26 views

Does anyone knows when they are going to update the Child Tax Credit software to reflect Biden's new tax rulings?

This topic has been closed for replies.

5 replies

abctax55
abctax55
Level 15
March 20, 2021

Probably when the software comes out this fall?

Those changes don't pertain to 2020 tax returns.

HumanKind... Be Both
    Posi TaxAuthor
    Level 2
    March 21, 2021

    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
    sjrcpa
    Level 15
    March 21, 2021

    You got the wrong impression.

    The more I know the more I don’t know.
      Just-Lisa-Now-
      Just-Lisa-Now-Intuit Community Champion
      Intuit Community Champion
      March 20, 2021

      In the 2021 software package.

      ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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