A new Alabama law means federal COVID benefits won’t increase state income taxes.
Updated: Feb. 28, 2022, 11:43 a.m. |Alabama taxpayers won’t have to pay more in state income tax because of the increased federal child tax credits they received last year.
ARPA, intended to help households and businesses with the costs of the COVID-19 pandemic, provided part of the increased creditsof up to about $250 per child from July through December last year. ARPA also increased benefits from the earned income tax credit and dependent care tax credit. The bill Ivey signed into law lets taxpayers disregard the increased tax credits when calculating their deduction for federal taxes paid.
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