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Should I file before congress makes a decision on the child tax credit?

Should I wait to file until congress makes a decision on the child tax credit or can/do I do it now?
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2 Replies

Should I file before congress makes a decision on the child tax credit?

It is highly doubtful that Congress will change the tax code for tax year 2023 now that filing for 2023 has begun.

Should I file before congress makes a decision on the child tax credit?

Wait if you want to.   The IRS does not begin to accept/reject 2023 e-files until January 29.  You have plenty of time to file.    Congress is considering a change to the child tax credit, but there is no telling if --or when-- the change will pass.   But...remember when Congress changed the tax law for unemployment in mid-tax season a couple of years ago and what a mess that was?   Folks who  had filed early then had to wait and get additional refunds--sometimes months later.   

 

https://www.nbcnews.com/politics/congress/congress-nears-70-billion-deal-child-tax-credit-business-t...

**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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