Does the new increase in child tax credit effect 2020's taxes? Will I have to amend my tax return once the new child tax credit is signed into law?

[HelenC12]

No, you don't have to file an amended income tax return for the "third round of stimulus payments".

• From the information provided, you don’t need to do anything to get your stimulus check. The IRS will determine eligibility based on your last tax return (either 2019 or 2020) and will likely send your payment to the bank account where your tax refund was deposited. To read more, see How will the third stimulus impact me?