generator
Level 1
02-03-2021
02:20 PM
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I have a MFJ client who did not receive a EIP in 2019 because together they made more than the threshold of $150,000: husband made $63,000 and wife made $132,000. Now in 2020, they want to file MFS so that the husband, who made less than the $75,000 single threshold cam claim the unreceived rebate from 2019. Can they do this? Can you manipulate the recovery rebate credit worksheet like this?
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sjrcpa
Level 15
02-03-2021
02:27 PM
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You can. Be aware there may be other adverse tax consequences to filing separately that may outweigh the EIP benefit.
The more I know the more I don’t know.
generator
Level 1
02-03-2021
02:47 PM
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Thanks. What might some of the adverse consequences be?
IRonMaN
Level 15
02-03-2021
02:57 PM
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Their actual tax liability may increase.
Slava Ukraini!
