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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 ?
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posted
February 5, 2021
6:57 PM
last updated
February 05, 2021
6:57 PM
3 Replies
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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 ?
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.**
February 5, 2021
7:08 PM
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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 ?
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
February 5, 2021
7:25 PM
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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 ?
@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.**
February 5, 2021
7:28 PM
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