@kingskid wrote:
Can I/how would I apply for the $500 child payment for a child who was born in January 2020?
You will claim it on your 2020 tax return filed in 2021. That's the purpose of the "backstop" credit that will confuse everyone a year from now: If you somehow got missed OR you would get more based on your 2020 return (lower income, more kids) you'll get to refigure the stimulus based on that return, back out what you already received, and claim the difference as a refundable credit much like EITC. (The same "backstop" credit was used in 2008; some folks here today STILL wrongly believe those stimulus checks were taxed or even reclaimed the following year because calculating that credit required you to subtract the check you received from the credit based on THAT return to see if you could get more.)
