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HOPE2
Level 7
January 31, 2024
Solved

CHILD TAX CREDIT 2023

  • January 31, 2024
  • 5 replies
  • 22 views

Hi to all. I was wondering if Proseries updated for :

ACTC amount increased.

 

The maximum amount of ACTC for each qualifying child increased to $1,600.

Any help

This topic has been closed for replies.
Best answer by Just-Lisa-Now-

Hi Lisa. Thanks for reply. Should we waiting for any update regarding ACTC?

As you replied for @elhispanotax, we do not need to wait for any update, am I right?


the only thing we'd be waiting for would be if that bill passed, but the republicans have made it pretty clear they wont be passing anything that might make the POTUS look good prior to the election, so I'm not waiting around for that.....I think if it somehow eventually did pass, the IRS would make the correction automatically like they did with unemployment that year we had the retroactive change.

5 replies

Intuit Community Champion
January 31, 2024

I thought the new bill proposed was 1800?

Camp1040
Level 10
January 31, 2024

The house is voting tonight. As of now the ACTC is still $1600

Just-Lisa-Now-
Intuit Community Champion
February 1, 2024

Look at the 8812, I have to think the dollar amount would be shown right on the form.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Intuit Community Champion
February 1, 2024

I think OP changed her question........

Level 2
February 6, 2024

Good evening,

We have many clients who qualify for ACTC and are waiting for ProSeries to update. Is there a proposed date for the update to happen? We already have many families waiting to have their taxes e-filed thus it is important that we know right away. Thank you.

Just-Lisa-Now-
Intuit Community Champion
February 6, 2024

What update are you waiting for?  Everything looks current to me. 

If youre waiting for that HR7024 bill to pass, dont hold your breath.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
HOPE2
HOPE2Author
Level 7
February 6, 2024

Hi Lisa. Thanks for reply. Should we waiting for any update regarding ACTC?

As you replied for @elhispanotax, we do not need to wait for any update, am I right?

Level 2
February 9, 2024

I can't seem to see the solution. It doesn't appear that Proseries has updated the form.  I called but the person at Proseries had no idea what I was talking about.

Camp1040
Level 10
February 9, 2024

The CTC/ACTC has not changed. Child tax credit = $2000.

ACTC = $1600

Level 2
February 9, 2024

OMG I have some clients insisting on waiting since they keep posting about it on the news!  😕😕 How are you all addressing it? Most of my clients are just filing.

BobKamman
Level 15
February 9, 2024

Congress doesn't want to vote on anything this month because someone lost the crayons they use for counting.