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Level 1
May 7, 2021
Question

How do I record child tax credit with the changes from American Rescue Plan Act?

  • May 7, 2021
  • 1 reply
  • 6 views
Normally, families must have taxable earnings of at least $2,500, but the plan temporarily eliminates that requirement.   The child tax credit didn't appear on the tax return.
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1 reply

TAXOH
Level 10
May 7, 2021

That will be for next tax year.

IRonMaN
Level 15
May 7, 2021

Some folks are just ahead of their time. 😉

Slava Ukraini!