....Yall are jumping the gun...
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No......it has to go back to the House...AND if the House agrees to retroactively apply it to 2020 too...they may not.
Then it has to go to the President...Probably sometime next week..
THEN the IRS hast to set up their own software to deal with it, and set the rules under which it will be dealt with....then let the software companies know how it is to be dealt with.......this last step can take a month or three !!
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
