If the new Child Tax Credit proposed by Biden passes will it apply to 2020 taxes?

[DoninGA]

Since nothing has been legislated, passed, approved and signed into law there is no way to know how it will be handled by the IRS.

[HoHOhioDad]

Is there an update to these child tax credit questions following the new legislation?

[DoninGA]

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@HoHOhioDad wrote:

Is there an update to these child tax credit questions following the new legislation?

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See this TurboTax support FAQ for information on the American Rescue Plan - https://ttlc.intuit.com/community/tax-topics/help/how-will-the-stimulus-package-impact-me/00/1393859