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Can I recalculate my child tax credit using my income from 2019, if I had $0 income for 2020? (It offers me the option, saying I "may benefit" from using my 2019 income.)
It says I "may benefit from recalculating your Child Tax Credit using your 2019 earned income" if my 2019 income was higher than my 2020 income. The thing is I made $0 in 2020, so selecting this option makes the difference between a 1000s of dollars refund, and none at all. Is it actually okay to select this option in my situation?
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ā€ˇFebruary 8, 2021
5:16 PM