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[hendrixstrat]

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[jenkinstl]

I'm wondering when TurboTax Deluxe 2020 will be updated for the changes in calculating the Child Tax Credit and Earned Income tax credit. Specifically, the option to use 2019 or 2020 income for the calculation.  Have you received any feedback on your post?

[xmasbaby0]

We know that the IRS is already revising the 2020 Form 1040 because of the 2nd stimulus and the EIC lookback.  That means all tax preparation software programs will also have to be re-programmed and updated.  Those changes could take until sometime in late January or even longer—we do not know yet.    Do NOT be in a hurry to file your 2020 tax return until more is known.   It is never a good idea to file too early; filing your 2020 return too soon may result in a lot of extra confusion that can be avoided if you wait and file a little later.