Yes, this is correct.
As you are claiming 2 more children compared to 2020, you are entitled to a recovery rebate credit of $2,800.
As for your wife, she does not have to repay the stimulus for the 2 children that she does not claim this year.
The IRS says: No, there is no provision in the law that would require individuals who qualify for a Third Economic Impact Payment or an additional payment based on their 2020 or 2019 information, to pay back all or part of the payment if, based on the information reported on their 2021 tax returns, they would have qualified for a lesser amount.
Please read this IRS FAQ for more information.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
