- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
If Bidens plan passes with the child tax credit increase will that reflect this year when I file my taxes?
If Bidens plan passes with the child tax credit increase will that reflect this year when I file my taxes
Topics:
January 15, 2021
8:24 AM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
No. If that is ever passed by Congress and signed by the President it will not affect tax year 2020 returns. Unless they plan to screw up everyone's 2020 filed tax returns and make it retroactive to tax year 2020.
January 15, 2021
8:26 AM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
HIGHLY unlikely it will be retroactive to the 2020 returns but unprecedented things are happening daily. Watch the news for the final tax reforms and don't hang your hat on the talking heads.
January 15, 2021
8:30 AM
186 Views