Deductions & credits

you received the correct amount. 

 

Understand that the stimulus payments were just ESTIMATES of what you were due based on your 2019/ 2018 tax return.  

 

What you are ACTUALLY due is based on your 2020 tax return (income, filing status, etc.)

 

the Recovery credit is the ACTUAL less the ESTIMATE, but not less than zero. 

 

So YOU received enough stimulus..... YOU ACTUALLY received $1200 and $500, and you are not due anymore.  YOUR ESTIMATE was $1200 and $500

 

Your ex ACTUALLY received $1700 and $1200....when she files her taxes, the recovery credit on Line 30 should reflect $1100

 

the critical part to understand is that it's all really based on 2020 tax return