Meara Welch Browne’s Tax Partner, Julie Welch, was quoted Sunday in The New York Times – “Business” section. The article was titled “What You Need to Know for the 2024 Tax Season” by Tara Siegel Bernard.
In the article, Julie responds to the section about the possibility of the child credit changing midseason. If legislation is enacted, no amended return would be needed to claim any additional credit for those affected. The IRS would handle the recalculations and issue any retroactive refunds owed.
You can read her quote and the entire articles on The New York Times website at the following link:
https://www.nytimes.com/2024/03/02/business/tax-breaks-2024.html