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DoninGA
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After you file

No, you do not need to amend your tax return for either the CTC or the unemployment compensation exclusion.

 

Go to these IRS website for CTC information - 

 

https://www.irs.gov/newsroom/irs-monthly-child-tax-credit-payments-begin

 

https://www.irs.gov/credits-deductions/2021-child-tax-credit-and-advance-child-tax-credit-payments-f...

 

Go to these IRS website for unemployment compensation exclusion information - 

 

https://www.irs.gov/newsroom/irs-readies-nearly-4-million-refunds-for-unemployment-compensation-over...

 

https://www.irs.gov/newsroom/irs-begins-correcting-tax-returns-for-unemployment-compensation-income-...

 

https://www.irs.gov/newsroom/2020-unemployment-compensation-exclusion-faqs

‎July 17, 2021 9:31 AM
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