Deductions & credits

The enhanced child tax credit has not been passed or signed into law.   It is currently in the Senate.  The Senate has not voted yet.   No one knows yet if it will pass or what the amounts will be when they get done with it----or even IF it will pass.   So.....as my Grandma used to say, don't count your chickens before they hatch.   We have no idea how the credit will be implemented if it passes or when they will make it effective.    And....when a credit like that changes  it will entail all kinds of changes that the IRS has to make to the tax forms and software programming----likely months.

**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.**