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Deductions & credits
No legislation has passed both houses of Congress and the President has not signed any legislation which will change the tax code. When or if anything is passed and signed then the IRS has to write the regulations and procedures to use for accessing any new type of credit. This can take from several weeks to several months.
This may also not apply to tax year 2020 and only apply to tax year 2021 and future tax years.
March 6, 2021
11:47 AM
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