grifindor2
Returning Member

Quick Question about the New Child Tax Credit

I called Turbo-Tax and talked with an agent who had no clue about anything. I could have talked with a wall and get the same information that he was telling me.

 

Anyway, my question is, is the new child tax credit that the senate has passed (and the house needs to pass it as well), is intended to increase the credit towards 2020 ? Meaning, do I need to amend my tax return if it was already filed?

 

Or is it towards 2021 (this year) and I will benefit it during 2022 when I do my tax return for 2021.

 

Thanks.