Child Tax Credit for MFS

Forum|Forum|1 year ago
April 4, 2025
3 replies
15 views

I have married couple filing separate (due to income driven student loans), and they have 2 children. Each one claims a child on their return. However, Proseries is calculating the full child tax credit of $2000 for each child. Is there anywhere I should be entering the other spouse's income to determine if there is any decrease in the credit? I feel like I'm missing an input somewhere. Thank you

ProSeries Professional

This topic has been closed for replies.

T

Terry53029

Intuit Community Champion

When MFS the CTC is still $2000 for each qualifying child you claim as a dependent. The only difference between MFJ, and MFS is the credit starts phasing out at $200,000 when MFS instead of $400,000 when MFJ

J

JSKAuthor

Level 4

Their combined income is over $200,000, that's why I was concerned that it would phase out. I guess it's $200,000 per taxpayer.

Thank you for taking the time to reply during this very busy time. I truly appreciate it.

BobKamman

Level 15

It's with the Form 2441 credit where MFS gets screwed. And EIC. And then they'll probably change the rules so that loan forgiveness is taken away, just as your clients become eligible.

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JSKAuthor

Level 4

Trust me that's what they are afraid of!

I thought the limit was $200,000 of combined income, which they are over. That is why I thought I had to give the spouse's income. It's late in the game, and I'm overthinking everything...even why I became an accountant lol.

Thank you for your reply!

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TaxGuyBill

Level 15

@JSK wrote:

Is there anywhere I should be entering the other spouse's income to determine if there is any decrease in the credit?

Where do you see anything that says the credit is based on the Joint income when they are filing Separately?

J

JSKAuthor

Level 4

I was overthinking. Late in the season, sleep deprived, I thought the $200,000 played a part since their combined income is over $200,000.

Thank you for your reply.

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