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Deductions & credits
No. It will not be added to your 2020 refund. The increase in the CTC is not for 2020----as already stated. Those monthly payments beginning in July will be sent out by the IRS. Nothing about the increased CTC affects your 2020 refund.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
March 16, 2021
3:29 AM
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