TAXMAN Posted March 17, 2022 Report Share Posted March 17, 2022 TP and spouse have 3 kids. They as mfj do not get any of the wonderful credits. If I split them and give kids to tp and none to spouse but give her 70% of the schedule A, refunds jump about 3k. Can I legally do this? Quote Link to comment Share on other sites More sharing options...
Lion EA Posted March 17, 2022 Report Share Posted March 17, 2022 Are the kids hers for tax purposes? Was she responsible and did she actually pay 70% of the itemized deductions? Quote Link to comment Share on other sites More sharing options...
Pacun Posted March 17, 2022 Report Share Posted March 17, 2022 That's legal. Keep in mind that on line 28 of 1040 you will get $4,500*1.5 and on line 30 you will get $1,400*1.5 on the "tp" return. Keep in mind that if wife itemizes deductions, his standard deduction is 0 or he has to itemize too. Another point to remember is that if spouse makes more than $40K (a bit more since there is a $500 cushion per kid), spouse might need to return some of the advanced payments. Give the kids to the person that makes over $40K and leave the person with > $40,000 without any child. The kids don't belong to anyone since they are married, anyone can claim them. Quote Link to comment Share on other sites More sharing options...
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