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Child tax credit asking if I want to claim last year instead of this year?
If I use last year again, will I get penalized?
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February 1, 2021
4:56 PM
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Deductions & credits
No, for tax year 2020, The CAA allows taxpayers to use either their 2020 or 2019 earned income in calculating the Additional Child Tax Credit (ACTC) as well as the Earned Income Tax Credit (EITC).
February 1, 2021
5:11 PM