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Wait for the taxing authorities to issue instructions.
The new COVID bill has not yet been enacted into law, but the current draft calls for the increased Child Tax Credit to be effective with the 2021 tax year (returns filed in early 2022), not retroactive to 2020.
Wait for the taxing authorities to issue instructions.
For 2021, next year, when you file 2021 tax. It also raises the cut off age from 17 to 18 and makes the credit $3,600 for a child under age 6.
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