Skip to main content
February 20, 2022
Question

If i work full time and my wife is a stay at home parent can we income split?

  • February 20, 2022
  • 1 reply
  • 0 views
No text available

    1 reply

    TurboTaxSusan
    February 23, 2022

    The only income splitting that you can do on your tax return is pension splitting, which is when one spouse splits their retirement pension with the other. There are other ways to split income, but while they have tax consequences, you can't do them on your tax return. You would need to talk with a financial advisor or a similar professional to see which options are available to you.