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Get your taxes done using TurboTax
The American Rescue Plan Act will pay advance payments starting in the middle of 2021. These will be based on the previous year tax return; either 2020 or if not available , 2019.
There is no reason to hold off filing for the new Child Tax Credit.
If you received Unemployment in 2020, and have not filed yet, then you should hold off on filing. Otherwise, you would be able to file now.
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March 14, 2021
4:22 PM