Forbes has published an article, “The $1,100 Per Child Tax Rebate Bonus For Divorced And Unmarried Parents,” which discusses divorced and never married co-parents can claim an extra $1,100 per dependent child in the 2020 returns. The article begins as follows:
Divorced and never married co-parents have the chance to pick up an extra $1,100 per dependent child when they file their 2020 returns. It requires trust, cooperation and running multiple versions of their 2020 returns. It is probably not what Congress intended when it put through the package, but remember Reilly’s First Law of Tax Planning – It is what it is. Deal with it.
Click here to see full article: “The $1,100 Per Child Tax Rebate Bonus For Divorced And Unmarried Parents.”
Posted by Bella Hoang, Managing Associate Editor, Wealth Strategies Journal.