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@sthompson24 wrote:
Thank you for responding! I do see the child tax credit added. I don't see any amount next to the recovery rebate credit on line 30. I remember being asked if we received our stimulus checks and we said yes but I don't think we input any amount. Also, what we received didn't include anything for our baby born in 2020. Is there supposed to be an amount on line 30?
I don't know your situation so can't answer directly. One factor is that the recovery rebate is only available for child dependents age 16 or less, and is based on the number of qualifying dependents and not their identity. So if you received a stimulus payment for a child who turned 17, and added a newborn, you would not qualify for anything additional--you claimed 1 qualifying dependent but were already paid for one dependent.
Turbotax will tell you that you qualify for a certain amount of rebate, and will ask what your stimulus 1 and 2 payments were, it's not just a yes/no question. If you entered the wrong amount of your round 1 or round 2 payment, that might have taken away a rebate you were eligible for.
There is also an income limit. If your income is more than $75,000 single or $150,000 married filing jointly, then your stimulus is phased out, and eliminated at about $80,000 and $175,000, more or less. If your income is in that range, your stimulus payment might be more than the allowable rebate, even after adding a child, because the rebate was reduced by your income.
If you used Turbotax installed on your own computer, you can switch to Forms mode and review the calculation on the recovery rebate worksheet. If you used Turbotax online, that worksheet might be included in your PDF if you download "all forms and worksheets" instead of just downloading the pdf of the tax return.
