Since the new 3rd stimulus bill has passed should I amend my taxes for the child credit

pricecrystle · ‎March 15, 2021

xmasbaby0 · ‎March 15, 2021

https://ttlc.intuit.com/community/tax-topics/help/how-will-the-stimulus-package-impact-me/01/1393859...

That CTC increase is not for 2020; it is for 2021. Your 2020 return does not have to be amended for it. More information will be available soon; the details of how it will be implemented have not yet been clarified fully. There may be monthly payments going out beginning in July 2021, with some of the CTC still left as a refundable credit on your 2021 tax return next year.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

MinhT1 · ‎March 15, 2021

No. You do not need to amend your tax return for the child tax credit.

The increased child tax credit only applies from tax year 2021.

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Since the new 3rd stimulus bill has passed should I amend my taxes for the child credit