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New Member
posted Mar 20, 2021 12:56:32 AM

Will i need to amend my returns to claim the new child tax credit and recovery rebate credit?

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1 Replies
Level 15
Mar 20, 2021 5:36:30 AM

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.

 

 

https://ttlc.intuit.com/community/tax-topics/help/how-will-the-stimulus-package-impact-me/01/1393859#U1393859