Kathie Walker
Level 1
02-05-2021
11:45 AM
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Lacerte limits the deduction to $150 on MFS return, we understand it to be $300 per return.
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Level 15
02-05-2021
11:46 AM
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MFS gets $150 all the other statuses get $300
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itonewbie
Level 15
02-05-2021
12:50 PM
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Lacerte is following the instructions for F.1040 but it is a bit of a surprise because nowhere in Sec. 2204 of the CARES Act or in the JCT report does it say or imply that the $300 limit for "any individual" would have to be split in the event they are filing MFS.
I'm inclined to believe that the IRS misinterpreted this and the filing instructions are incorrect.
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