Deductions & credits

@Gerry joiner You posted "2021" to a thread that began in January BEFORE the tax laws changed.   What are you trying to ask about?   You did not really ask a question.    If you are trying to ask about the new enhanced monthly child tax credit payments here is some information about eligibility and some links.

 

That CTC increase is not for 2020;  it is for 2021.   Your 2020 return does not have to be amended for it.

There will be monthly child tax credit payments going out beginning in July 2021, with some of the CTC still left as a refundable credit on your 2021 tax return next year.

 

 

https://ttlc.intuit.com/community/tax-topics/help/how-will-the-stimulus-package-impact-me/01/1393859...

 

https://www.irs.gov/credits-deductions/advance-child-tax-credit-payments-in-2021

 

 

 

https://www.irs.gov/newsroom/irs-announces-two-new-online-tools-to-help-families-manage-child-tax-cr...

IRS.gov/childtaxcredit2021

 

 

https://www.irs.gov/credits-deductions/child-tax-credit-update-portal

 

 

 

 

https://www.irs.gov/credits-deductions/2021-child-tax-credit-and-advance-child-tax-credit-payments-t...

**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.**