Re: child tax credit update

Posi Tax · ‎03-20-2021

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

abctax55 · ‎03-20-2021

Probably when the software comes out this fall?

Those changes don't pertain to 2020 tax returns.

HumanKind... Be Both

Just-Lisa-Now- · ‎03-20-2021

In the 2021 software package.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

Posi Tax · ‎03-20-2021

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 · ‎03-20-2021

You got the wrong impression.

The more I know, the more I don't know.

Posi Tax · ‎03-20-2021

Ok Thanks ......been glued to screen for too long. lol

child tax credit update

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