I file my taxes in feb. and i missed out on the increase child credit when it was signed into law in march. can i still receive the difference?

velazquez5115 · ‎June 13, 2021

macuser_22 · ‎June 13, 2021

That is for 2021 next year and does not affect 2020 tax.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

xmasbaby0 · ‎June 13, 2021

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...

https://www.irs.gov/credits-deductions/advance-child-tax-credit-payments-in-2021

https://www.kiplinger.com/taxes/602921/child-tax-credit-update-irs-sending-letters-to-families-who-m...

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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I file my taxes in feb. and i missed out on the increase child credit when it was signed into law in march. can i still receive the difference?