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February 18, 2024
Question

How to I amend to receive additional child tax credit , filed before law passed .

  • February 18, 2024
  • 3 replies
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3 replies

SteamTrain
Employee
February 18, 2024

It hasn't passed, and may not be anytime soon.

 

BOTH House and Senate must pass, not just one....and if they differ, they have to work out the differences and re-vote.

Then the Pres has to sign.

 

 

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
JohnB5677
February 18, 2024

You do not have to refile.

 

TurboTax is up to date with all of the current tax changes.

  • "There is no need to delay. 
  • File now to get your refund as soon as possible.
  • Should tax laws change, 
  • TurboTax will be updated quickly as with previous tax law changes and will help ensure that you receive the maximum refund you’re eligible for."

 

Please see the article What is the Child Tax Credit and How Do I Qualify?

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SteamTrain
Employee
February 18, 2024

AND...the IRS has already told Congress (House) they can implement without Taxpayers being required to Amend.

...Your tax return, as-filed already, has the required information for their computers to calculate what extra they may be able to send you.

 

BUT #2:  It would still take 6-12 weeks to implement.....lots of computer code to write and debug.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*