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Get your taxes done using TurboTax
No. The $2000 child tax credit given for eligible children in the TurboTax software is correct for Tax Year 2020. The $3000 (or $3600) child tax credit does not take effect until this year, Tax Year 2021. Some of that additional credit will be made in advance payments during the 2021 tax year and any remaining amount owed will be credited when your 2021 tax return is filed in 2022.
March 21, 2021
5:41 PM