Tips for Filing Your Taxes and the Child Tax Credit

Clearing up confusion when it comes to the child tax credit and if upcoming changes will affect how you file your taxes

From the LifeMinute.TV Team

February 15, 2024

Recent buzz around the child tax credit expanding following recent house approval has parents questioning whether they should hold off on filing. However, experts and the IRS urge people to file regardless of what happens. The IRS commissioner urges filers to file now and said not to wait, while providing reassurance that if the child tax credit is expanded and results in a change that impacts a filer’s return, they will make the change and send an update without the filer having to do anything.

There are some other key credits you may be eligible for so don’t delay filing. File early to get your return as soon as possible on other credits for kids such as the child and dependent care credit up to $1,050 for one child and up to $2,100 for two kids and the earned income tax credit up to $7,430 for a family with three kids. To claim the tax credit, just make sure you meet the requirements.

With a good chunk of credit at stake it’s best to enlist an expert such as TurboTax to help ensure you receive the maximum refund you're eligible for. TurboTax has you covered and is up to date with the latest tax laws so you can file your taxes with confidence and accurately claim the child tax credit you’re eligible for.

You can get help along the way and have your return reviewed before you file by a TurboTax live expert or have your taxes fully prepared by a TurboTax live expert or meet with a local verified TurboTax tax pro in person.

For more info about the tax credit and to start filing now go to turbotax.com.