Yes, you'll get the third stimulus for your baby born in 2020, if you're eligible. If you don't get it before year end, you'll be able to claim the third stimulus credit on your 2021 income tax return.
To be eligible for the third stimulus, you need to meet the following requirements:
- Families earning less than $150,000 a year and individuals earning less than $75,000 a year should get the full $1,400 per person.
- Families earning up to $160,000 per year and individuals earning up to $80,000 per year will receive prorated amounts.
One notable difference from the first two stimulus is that you will receive stimulus payments for all your dependents, including adult dependents and college students