I filed our 2020 taxes mid February and they were accepted. My husband and I claimed our son and our new baby who was born in 2020. Our AGI is well below the limit and I calculated that I should be getting $5,600 with the 3rd stimulus. $4,200 is pending for deposit which leads me to assume the government went off our 2019 taxes and didn’t count our 2020 baby as a dependent. What can be done?
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There's nothing you can do. It's up to the IRS. However, since you filed your 2020 income tax return, it's more likely than not that the IRS will use your 2020 information.
To read more about the third stimulus payment, see How will the third stimulus impact me?
As with the previous two stimulus payments, the third stimulus payment is not taxable to you.
It appears the IRS used my 2019 taxes as the amount I’ve received is less my baby born in 2020.
Same problem here. I did not receive the $1400 stimulus for my 2020 born son even though i filed my 2020 returns on 2/19. Will wait to see if it's included in my 2020 tax refund, which is still pending. If not, i am considering to do an amendment at some point to claim that money.
If your tax return indicated that you should be due a refund due to the Recovery Rebate, then the stimulus should have come together with your refund. You might try looking at your IRS account to get more information:
You can check the status of your return through the IRS website using your IRS Online Account.
Online Account is an online system that allows you to securely access your individual account information. You can view:
You can also:
Here is the link to see your Online Tax Account.
@rajsv
I have not yet filed my taxes and I have a baby born in 2020.
Will TurboTax have an update to include the 3rd stimulus in the tax refund or should I just file now?
Thanks!
@ReeseYancey wrote:
I have not yet filed my taxes and I have a baby born in 2020.
Will TurboTax have an update to include the 3rd stimulus in the tax refund or should I just file now?
Thanks!
The third stimulus is not included on your tax return. The IRS will mail a check based on the tax return that you file.
https://www.irs.gov/coronavirus/third-economic-impact-payment
File now. The Recovery Rebate Credit that you can claim in your 2020 return, is only to replace the first two stimulus payments if you were eligible for them but did not receive them.
The IRS has not yet issued guidance on whether they will automatically make adjustments for the third stimulus payment or add a credit to the 2021 tax return for those who did not receive the entire payment they were due. We will continue to post current information in this TurboTax article: : How will the third stimulus impact me?
Now that the IRS has extended the tax filing date, is it better to wait for Turbo tax to adjust and include the 3rd stimulus check that was missed like for all newborns from 2020?
Or if Turbotax does not do this, then can we claim it through any other way?
@naveenjohn wrote:
Now that the IRS has extended the tax filing date, is it better to wait for Turbo tax to adjust and include the 3rd stimulus check that was missed like for all newborns from 2020?
Or if Turbotax does not do this, then can we claim it through any other way?
The IRS will send the 3rd stimulus based on your 2020 filed tax return. It cannot be claimed on a tax return. Until you file you will not get it.
@naveenjohn wrote:
Now that the IRS has extended the tax filing date, is it better to wait for Turbo tax to adjust and include the 3rd stimulus check that was missed like for all newborns from 2020?
Or if Turbotax does not do this, then can we claim it through any other way?
The third stimulus payment will not be part of the 2020 federal tax return.
The IRS has direct control over the distribution of the third stimulus payment.
Go to this IRS website get my payment website - https://www.irs.gov/coronavirus/get-my-payment
Go to this IRS website for get my payment FAQ's - https://www.irs.gov/coronavirus/get-my-payment-frequently-asked-questions
The third stimulus check has no effect on your 2020 income tax return that you need to file.
If you had your baby in 2020, then you may be entitled to the Recovery Rebate Credit.
The stimulus payment amounts issued in 2019 or in January 2020 were based upon your 2018 or 2019 income tax returns filed.
The amount of the Rebate Recovery Credit is based upon your actual 2020 income tax return you file. Therefore, if you meet the criteria for the credit, you will receive it when you prepare your 2020 income tax return.
Please see the attached link for more information on who can claim the credit.
Recovery Rebate Credit eligibility
I recommend reviewing your input in TurboTax to ensure you are answering all of the questions to ensure you receive the credit if you are eligible.
There will be a similar Recovery Rebate Credit on your 2021 Income Tax Return if you do not get any of the stimulus payments issued in regards to your new baby if you have already received your third stimulus payment.
Reconciling third stimulus payment information for 2021 tax returns
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