I have a couple MFJ with no chldren and they did not get a simulas check during 2020 becasue their AGI was too high on filed returns for 2019 and 2018. Now for the 2020 return their AGI is below $150,000. Issue: the Proseires Recovery credit worksheet is calcualting a recovery creidt of $2,472. How could the credit be more than $2,400 ( $1,200 x 2) ?
Proseries support is telling me that this is correct but without knowing why?
Can someone with a definitive answer tell me that this is possible and why or that this is wrong which I beleive is the case
thanks
John Hayes
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Unless you want Vladimir Putin using your e-mail address, you might want to delete it from your post.
What was the actual AGI on the return?
You've forgotten to include EIP#2 $600x2 in your calculation
And it sounds like they got all but $72 of the second round, which must have been based on 2019 income and not 2018 like the first round.
Yes I realized that last night You are exactly right! I did not consider EIP#2 $600x2
thanks for everyone's input
John
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