Child Tax Credit & Earned Income Tax Credit
Adjustments to how the Child Tax Credit (CTC) and the Earned Income Tax Credit (EITC) are calculated for the 2020 tax year. During the pandemic, many individuals eligible for those credits have earned lower incomes due to job loss or underemployment. This may reduce the credits they are eligible for when filing taxes next spring. This provision would use 2019 income to determine an individual’s credit eligibility for the 2020 tax year.
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