Hi to all. I was wondering if Proseries updated for :
ACTC amount increased.
The maximum amount of ACTC for each qualifying child increased to $1,600.
Any help
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the only thing we'd be waiting for would be if that bill passed, but the republicans have made it pretty clear they wont be passing anything that might make the POTUS look good prior to the election, so I'm not waiting around for that.....I think if it somehow eventually did pass, the IRS would make the correction automatically like they did with unemployment that year we had the retroactive change.
I thought the new bill proposed was 1800?
Look at the 8812, I have to think the dollar amount would be shown right on the form.
Good evening,
We have many clients who qualify for ACTC and are waiting for ProSeries to update. Is there a proposed date for the update to happen? We already have many families waiting to have their taxes e-filed thus it is important that we know right away. Thank you.
What update are you waiting for? Everything looks current to me.
If youre waiting for that HR7024 bill to pass, dont hold your breath.
the only thing we'd be waiting for would be if that bill passed, but the republicans have made it pretty clear they wont be passing anything that might make the POTUS look good prior to the election, so I'm not waiting around for that.....I think if it somehow eventually did pass, the IRS would make the correction automatically like they did with unemployment that year we had the retroactive change.
Im in California so I sign up for Spidells Flash Emails, they keep me up to date with whats happening, heres one from the other day...
https://www.caltax.com/news/flash-email/2024-05-tax-deal-bill-moves-to-senate/
I can't seem to see the solution. It doesn't appear that Proseries has updated the form. I called but the person at Proseries had no idea what I was talking about.
Thank you for sharing! I just signed up!
I think that additional CTC would be something that IRS could fix automatically and send out any extra refunds if it ever actually happens, like they did with unemployment that year, were not talking about huge amounts of money.
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