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Is the $3600 child tax credit available?

 
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6 Replies

Is the $3600 child tax credit available?

The Child Tax Credit on a 2020 federal tax return is $2,000.

Is the $3600 child tax credit available?

It wasn't updated to3600?

Is the $3600 child tax credit available?

I didn't get an option of a 2000 child tax . How do I get it

Is the $3600 child tax credit available?

If I didn't recieve a child tax while filing will turbo tax update it bc I didn't see an option for it

Is the $3600 child tax credit available?

 

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...

**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.**
Hal_Al
Level 15

Is the $3600 child tax credit available?

The new (expanded) Child tax credit ($3000; $3600 for kids under 6) is effective for 2021. There is a provision for advanced monthly payments  being made in 2021. The payments will come from the IRS, similar to the stimulus payments. The details of how and when are yet to be worked out, but  starting in July has been mentioned.

 

Getting the expanded child tax credit has nothing to do with filing your 2020 tax return. Whether you already filed, file now or file later, the additional money will not be part of your 2020 tax refund.

 

References:  https://www.kiplinger.com/taxes/602378/senate-passes-3000-child-tax-credit-for-2021

https://www.nytimes.com/live/2021/03/06/business/stimulus-check-plan-details#when-will-stimulus-chec... https://ttlc.intuit.com/community/tax-topics/help/how-will-the-stimulus-package-impact-me/00/1393859

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