Increased Child credit

[Jewelz77]

I have a 9 year old son i file every year. So i heard they going to increase child credit but what if u already file do the irs give u the difference or they make everyone amend and redue there taxes or does everyone gets audit?

[xmasbaby0]

Congress has not voted to increase the child tax credit and we do not know when or if they will.   IF it happens there will some information and guidelines for how and when it will be implemented.  Until then, take my grandma's advice:  "Don't count your chickens before they hatch."

[MinhT1]

The law on the increased child tax credit is not yet enacted. If and when this becomes law, the IRS will issue directives and guidelines. And TurboTax will always be here to guide and support their customers.

[Jewelz77]

Great News, the house pass the bill....you just need a little faith.🤗

[xmasbaby0]

Next it goes to the Senate.

[Jewelz77]

My tax was accepted 12 and 14. I file for my son hasn't been approved yet?

[KathrynG3]

It can take up to 21 days for the tax return that has been received, accepted, to be approved. 

If you mean that you are claiming your son on your tax return, depending on how old he is, you could qualify for up to $2,000 for the child tax credit. The refundable portion of this credit may delay your refund.

For more information, see: 

What if my IRS refund is taking longer than 21 days?

Child tax credit by the numbers