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Stimulus #-3 $1400.00

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    Stimulus #-3 $1400.00

    Joint Return 2020 $ 2021(Not Filed Yet) AGI is 240,000. & $200,000. 4 kids.
    No Stimulus received for #-3. Does not qualify for 2021 Return. Over $160,000 Joint.
    However, using Drake, when I split via MFS, Spouse is at $50,000 & Husband at $150,000.
    It calculates $4,200.00 for Spouse. 1 adult & 2 kids. I cannot find anything regarding MFS & Stimulus.
    Is this found money? And is this correct taking the $4,200.00 on the Separate return?
    Kindly advise.

    #2
    A lot of this going on. How much extra does it cost on the husband's return?
    "Taxation is the price we pay for failing to build a civilized society." ~ Mark Skousen

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      #3
      If wife's income is lower than the repayment protection threshold, put all the kids on husband. Put 1/2 of what was received on each return. More money falls from the sky. Between RRC3 and CTC for 4 kids, it should be a lot more money. Arrange it for the biggest benefit to the household as a whole, and you'll be a hero to your clients. Don't forget to charge them for two returns!

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