topic Since the new 3rd stimulus bill has passed should I amend my taxes for the child credit in After you file

Since the new 3rd stimulus bill has passed should I amend my taxes for the child credit

pricecrystle — Mon, 15 Mar 2021 15:13:07 GMT

Re: Since the new 3rd stimulus bill has passed should I amend my taxes for the child credit

xmasbaby0 — Mon, 15 Mar 2021 15:23:37 GMT

https://ttlc.intuit.com/community/tax-topics/help/how-will-the-stimulus-package-impact-me/01/1393859#U1393859

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.

Re: Since the new 3rd stimulus bill has passed should I amend my taxes for the child credit

MinhT1 — Mon, 15 Mar 2021 15:24:24 GMT

No. You do not need to amend your tax return for the child tax credit.

The increased child tax credit only applies from tax year 2021.