Amend tax return for unemployment and child tax credit

Leelove03 — Fri, 26 Mar 2021 15:54:23 GMT

Will the IRS automatically adjust my tax return for the child tax credit and the unemployment tax? This affected my stimulus I did not get the full amount because of this

Re: Amend tax return for unemployment and child tax credit

xmasbaby0 — Fri, 26 Mar 2021 15:57:06 GMT

That CTC increase is not for 2020; it is for 2021. Your 2020 return does not have to be amended for it. More information will be available soon; the details of how it will be implemented have not yet been clarified fully. There may be monthly 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#U1393859

If you already filed and had tax withheld from unemployment do not amend. The IRS is working on a way to send you an extra refund for that.

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Amend tax return for unemployment and child tax credit

Re: Amend tax return for unemployment and child tax credit