Released: March 02, 2021

Tax rebate bonus for divorced and unmarried parents

Source: Peter J Reilly - Forbes

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.

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