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March 10, 2021
Question

When will Turbo Tax be updated after Biden signed Coronavirus Relief bill that affects Child Tax Credit

  • March 10, 2021
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1 reply

Employee
March 10, 2021

The enhanced Child Tax Credit in the current bill goes into effect for the 2021 tax year (returns filed in 2022).

Congress Passes $3,000 Child Tax Credit for 2021 | Kiplinger

 

But in general, anytime Congress passes a tax law, the IRS must first develop procedures for implementation. Then TT must program, test and get them approved by the IRS.  Until this happens, nothing can be released.