Millions of families are getting conflicting advice about whether they should file taxes now or wait until closer to the April 15 deadline to see if Congress enacts a bipartisan tax bill that would expand the child tax credit.
IRS Commissioner Danny Werfel said taxpayers shouldn’t wait for Congress to act on expanding the child tax credit and file. If the law passes—not likely any time soon considering pushback from some senators—the IRS will make sure taxpayers still get what they are owed, without having to file amended returns.
The reality for many taxpayers is that they rely on the ...
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