@gtrjay69 wrote:
Yes, thank you.
However, when I spoke with a TT live chat person a couple weeks. She explained that it will go from $2,000 per child to $3,000 for 2020 so we can take advantage of it now (if we didn't file yet) instead of getting refunds/payments from July - Dec 2021.
Is this the same thing or are there two programs?
There is only the tax code as written. There are not two programs.
As written in the tax code - https://www.congress.gov/bill/117th-congress/house-bill/1319/text#toc-HB3932D87AB6840A6AE50E45116688...
SEC. 9631. REFUNDABILITY AND ENHANCEMENT OF CHILD AND DEPENDENT CARE TAX CREDIT.
(a) In General.—Section 21 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection:
“(g) Special Rules For 2021.—In the case of any taxable year beginning after December 31, 2020, and before January 1, 2022—
