Hi everyone, so I am divorced with 4 kids that i get to claim. For the first stimulus, my ex asked for half. So i gave her half. For the second one she asked for her custody percentage. And I willingly gave that amount to her.
So I guess I have 2 questions...
1st - What is she legally entitled to? I cant find anything really online. I dont really want to consult a lawyer cause that always costs money.
2nd - Can I deduct the amount that I gave to her when entering the Stimulus money in that Section in TurboTax?
Thanks for any help or insight
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Enter the amount that you received. The IRS is not asking what you did with the money after you received it.
Congress passed the 2nd stimulus bill at the end of 2020. Both stimulus checks were an advance credit for your 2020 tax return, The 2nd stimulus checks started going out at the very end of December 2020 and continued into early January 2021. When you fill out the recovery rebate credit it is important for you to enter the entire total of the amount you have received for yourself, your spouse, and your dependent children so far. Entering the wrong amount might delay your 2020 refund.
It should help you if you bear in mind that the purpose of the question is to determine if you have already received the amounts you should have received.
The taxpayer who claims the children as dependents on their 2020 tax return is the person who is entitled to the stimulus payments. There is absolutely no obligation for you to share the payment with anyone. If you did, that is a personal gift and gifts are not tax-deductible.
thank you, that is what i kind of figured. I appreciate your quick reponse.
thank you, that is what I figured, but wanted to check.
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