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New Member
posted Jan 14, 2021 6:12:10 PM

Biden changes to child tax credit

I’ve already filed my taxes, which includes the child tax credit. If Biden is able to pass his spending plan which increases those credits, am I out of luck because I already submitted? Would the IRS automatically upgrade my refund?

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1 Replies
Level 15
Jan 14, 2021 6:19:24 PM

At worst, you'll have to file an amended return.  You'll have lots of company.

 

Don't worry about it.  That's unlikely to happen and be effective for tax year 2020.