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- MFJ vs MFS worksheet shows "negative credit" on Recovery rebate line (raises tax). Glitch or correct? If correct, why? (one spouse exceeds income max)
MFJ vs MFS worksheet shows "negative credit" on Recovery rebate line (raises tax). Glitch or correct? If correct, why? (one spouse exceeds income max)
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reso763180
Level 1
05-13-2021
11:26 PM
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I used the rebate credit worksheet with the info for each spouse and can't see how a "negative credit" can be calculated. It would be effectively a penalty via the recovery rebate for married filing separately. Can that be correct?
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1 Comment 1
DTNY07
Level 7
05-17-2021
12:33 AM
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They wouldn't have to pay it back. So there is no penalty.
