First look at line 30 of your Form 1040. When you entered the information for the baby the software put the credit there.
PREVIEW 1040
https://ttlc.intuit.com/questions/1901539-how-do-i-preview-my-turbotax-online-return-before-filing
Click on Tax Tools on the left side of the screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.
Line 30 is blank. We did receive the child tax credit in line 28 for two children so the system recognized I had two now, but everywhere I have seen is showing that we should have gotten $1400 recovery credit for having a baby in 2021
You say you received the 3rd EIP payment for two children that were claimed on your 2020 return? Including the baby--how many children are claimed as dependents on your 2021 return?
When you filed were you asked how much 3rd stimulus checks you already got? If you were not prompted for that info then you might have too much income to qualify for the Recovery Rebate Credit.
Generally, if you’re a U.S. citizen or U.S. resident alien, you are eligible for $1,400 ($2,800 for a joint return), plus $1,400 for each qualifying dependent, if you (and your spouse if filing a joint return) aren’t a dependent of another taxpayer on a 2020 tax return, have a valid Social Security number (SSN) (see exception when married filing jointly and exception for qualified dependents) and your adjusted gross income (AGI) does not exceed:
Payments will be phased out – or reduced -- above those AGI amounts. This means taxpayers will not receive a third payment if their AGI exceeds:
For example, a single person with no dependents and an AGI of $77,500 will normally get a $700 payment (half the full amount). A married couple with two dependents and an AGI of $155,000 will generally get a payment of $2,800 (again, half the full amount). Filers with AGI of at least $80,000 (single and married filing separately), $120,000 (head of household) and $160,000 (married filing joint and surviving spouse) will get no payment based on the law.
You aren’t eligible for a payment if any of the following apply:
Also, payments will not be made to estates or trusts or for individuals who died before January 1, 2021.
My baby wasn’t born until August so we only had 1 dependent for all of the stimulus checks. The only thing that has shown two dependents was the actual tax return and it calculated in the new baby for the child tax credit but not the recovery rebate credit.
We make under $70k filing jointly so I don’t think we make too much.
We have two dependents total. One born in 2018 and one born in August of 2021
I was prompted and entered everything we received on the forms from the IRS. We only make $70k combined so I don’t think we make too much but I could be wrong
From what I have read however new parents of babies who were born in 2021 qualify for the recovery rebate credit and it wasn’t even an option for me.
And when Turbo Tax asked how much you already got did you enter 4,200 (1,400x3) that you got during the year? I assume you got it.
How much do you have on line 28 for the Child Tax Credit? Did you get the right amount? How much Advance credit did you get for the first child?
Yes, You will have to file an amendment to claim recovery rebate credit.
Wait till your tax return is processed and you get your refund.
Click on the link for more information on filing an amendment,
Yes, but it didn’t include the new baby. We didn’t receive the stimulus check for our second child.
Our family is us who file jointly , and 2 dependents however during 2021 the IRS was only aware of our first child.
this where I can confused. The recovery rebate credit says that parents of 2021 babies can apply because we didn’t receive stimulus checks for the new babies.
Yes, You can claim stimulus for your baby born in 2021.
You should file an amendment to claim recovery rebate credit(stimulus)
Wait till your original tax return for 2021 is processed by IRS and you receive the refund.
Then file the amended tax return.
Click on the link for help on filing an amendment