Both you and your wife will each receive a stimulus check for $1,200 and you will receive $500 per child for a total of $3,400 in stimulus payments. You will receive this amount regardless of your filing status.
Generally, if you are married it is more advantageous to file jointly. Whether or not you file jointly or separately is your choice. When you file MFS you will lose out on many of the tax credits available to those who file MFJ. The following TurboTax article was written to help couples decide the best way to file. Should You and Your Spouse File Taxes Jointly or Separately?
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