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Jordan70
Level 1
01-31-2022
01:08 PM
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is anyone experiencing an additional $1500 when filing a married couple separate this year after filing joint last year
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3 Comments 3
rbynaker
Level 13
01-31-2022
06:49 PM
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I would guess you're bunching CTCs on one spouse and the other spouse has income below the safe harbor for repayment?
Since the IRS never published guidance to stop this, seems like a valid tax avoidance strategy to me.
qbteachmt
Level 15
02-01-2022
12:50 PM
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IRS released Fact Sheet guidance:
https://www.irs.gov/pub/newsroom/fs-2022-06.pdf
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qbteachmt
Level 15
02-01-2022
01:04 PM
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I see they issued 2022-07, as well.
Here are IRS resources, FAQ, and guidance:
https://www.irs.gov/credits-deductions/2021-child-tax-credit-and-advance-child-tax-credit-payments-f...
https://www.irs.gov/credits-deductions/advance-child-tax-credit-payments-in-2021
Repayment protection (in Sched 8812):
https://www.irs.gov/instructions/i1040s8#en_US_2021_publink100077789
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"Level Up" is a gaming function, not a real life function.
"Level Up" is a gaming function, not a real life function.
