couple filed a 2020 return jointly and received the advanced child tax credit. Each spouse received a letter 6419 with 50% of the advanced credit. In 2021 filing status will be married filing separate. How is the advance credit reported? All on t

Forum|Forum|4 years ago
February 4, 2022
16 replies
43 views

I have two letters 6419, one for each taxpayer. 2021 filing status will be married /separate. One child, how is the advanced credit reported, all with the taxpayer claiming the child or the amount reported on the letter for each taxpayer

Lacerte Tax

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sjrcpa

Level 15

For each return you enter the amount they received.

The more I know the more I don’t know.

J

JW2Author

Level 2

That would mean the parent claiming the child would get an extra $750. No pay back required for spouse.

M

michele

Level 6

I believe there may be a bayback

M

mj46

Level 3

I have the same situation. The married filing joint vs married filing separate comparison resulted in the parent claiming the dependents getting that extra amount that the spouse already received. It seems to me that something is not right with that. Every married couple could change their filing status to MFS and receive extra child tax credit that they are not really entitled to. I think it will be a problem that the IRS will catch on to. Any more thoughts on this?

sjrcpa

Level 15

It's an unintended consequence.

In many cases MFS results in more tax so consider that.

The more I know the more I don’t know.

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