TurboTax is computing the stimulus payments correctly at this time and will add amounts for a child born in 2020 as a credit on the 2020 return.
@dianehomrich If you are not seeing an additional credit for a baby born in 2020, double check the amount you entered as first- and second-round stimulus payments. These should be amounts you actually received. Did you enter the correct amounts?
As @DoninGA mentioned, double check the information for the baby to make sure all the questions are answered correctly.
The stimulus also has income limits. The payments that were sent out were based on 2018 or 2019 income tax returns, but are “reconciled” with 2020 income. Some taxpayers received payments even though their 2020 income was actually too high to get a stimulus since the IRS does not have 2020 income information. If that is why you are not seeing an additional stimulus in TurboTax, don’t worry, the IRS won’t make you pay it back. The payments phase out for married couples making more than $150,000, for head of household filers making more than $112,500 and for single filers earning more than $75,000.
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