Get your taxes done using TurboTax

this might help....and i will admit it is a little hazy on how this will work.

 

I've read there should be a 'settle up' process that will be part of next year's tax return.  The way it appears to work is if you were due more from the CARES act in the form of the rebate check, you will get it as part of your 2020 tax return.  If you were given too much, you won't be asked to return it.  Again, that may not be totally accurate. 

 

Certainly do not file your 2019 tax return without the child's social security number because you will lose any credit under the normal tax laws and there is no ability to go back and amend later.  And then you certainly won't be eligible for the rebate check whether or not there is a settle up process. 

 

What isn't clear is how they will handle situations where the 2019 tax return hasn't been filed, but a child was born into the household in 2019.  It might be that 'settle up' process that covers this sort of situation. 

 

stay tuned!