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Those changes impact the 2020 and 2021 tax year years and beyond.
For example, running tax scenarios using tax software is the only way most people will be able to see clearly the difference between the child tax credit (ctc) and the additional. 2020 & 2021 child tax credit qualifications, maximum credit & refundable amounts, agi income phaseouts, additional dependendent credit, & more. The child tax credit can significantly reduce your tax bill if you meet all seven requirements: You could be eligible to receive the $2000 child tax credit.
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