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cburdic
New Member

On Feb 17th Alabama lawmakers approved legislation to exempt the monthly child tax credit payments that families received from state taxation, has turbotax corrected?

 
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2 Replies

On Feb 17th Alabama lawmakers approved legislation to exempt the monthly child tax credit payments that families received from state taxation, has turbotax corrected?

No....would likely take a few weeks to a month to make that kind of MAJOR change to the software:

Read this carefully

 

ARPA Tax Relief – Alabama Department of Revenue

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
AmyC
Expert Alumni

On Feb 17th Alabama lawmakers approved legislation to exempt the monthly child tax credit payments that families received from state taxation, has turbotax corrected?

AL does not tax the child tax credit. The law says: What types of Federal American Rescue Plan Act (ARPA) funds might qualify me for an increased federal income tax deduction?

  • Federal child tax credit (including advanced payments received in 2021)
  • The earned income tax credit
  • Federal child and dependent care credits

If you did not claim any of the above credits on your federal return, then you are not eligible for the enhanced Alabama Federal Income Tax Credit.

 

@SteamTrain is correct that it will take time to update the software.

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