If I already efiled and it's pending so if biden raises child tax credits etc will my refund be increases accordingly ?

jeffnlilly · ‎February 5, 2021

macuser_22 · ‎February 5, 2021

There is not law yet. It may never pass. Nobody knows what it will or will not do or if it will be retroactive to 2020.

**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.**

jeffnlilly · ‎February 5, 2021

I understand that , I'm just saying IF IT WOULD PASS FOR THIS TAX SEASON FOR 2020 TAXES and I already efiled and it's pending till they start accepting them Feb 12 would my refund be adjusted

macuser_22 · ‎February 5, 2021

@jeffnlilly wrote:

I understand that , I'm just saying IF IT WOULD PASS FOR THIS TAX SEASON FOR 2020 TAXES and I already efiled and it's pending till they start accepting them Feb 12 would my refund be adjusted

No. Any tax law change would take months to be implemented.

**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.**

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If I already efiled and it's pending so if biden raises child tax credits etc will my refund be increases accordingly ?