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Deductions & credits
I might have spoke too soon. While the change I made removed the Child Tax Credit and allowed me to remain as Head Of Household and keep the Earned Income Credit, but it also took out the $500 from the Recovery Rebate Credit. Since I never received the first stimulus check ($1,200 for me and $500 for my child), my credit was $1,700. But by changing how I answered those two questions, TT reduced the credit to $1,200. Does signing over form 8332, does that mean my ex will be able to get the $500 credit (he never received the stimulus for our child either)?
‎April 12, 2021
2:42 PM