Get your taxes done using TurboTax
@sthompson24 wrote:
I'm married with two children (13 &1 years old). We fall within the income limits. I saved my taxes and all forms. I received a letter that notified me that we received our second economic impact payment. It notes in the letter that if our circumstances changed since we filed our 2019 return, such as having a child in 2020, we may request increases to the amount of our second payment. It says we can do this by claiming a recovery rebate credit on line 30 but I don't remember how I was supposed to do that. Would I need to amend my return to do that? Do you know how long it might delay my refund if I do that?
Delayed refund? Did you only recently file your tax return? If you need to amend, you won't do that until after any refund you claimed on your original return is paid. You need to wait so that, if the IRS changes your tax return in some way, your amended return takes that into account.
I can't see your tax file, I can only tell you what should have happened, based on your facts and assuming you entered the facts correctly.
You would enter your personal information and dependents. For the newborn, you must enter that the child lived with you all year. The child must also have a valid social security number. For 2 dependents, Turbotax would calculate a recovery rebate of $3400 for the first round and $2400 for the second round. If you received stimulus payments for 1 child, you probably received $2900 in the first round and $1800 in the second round. (These amounts are listed on your IRS letters 1444 and 1444-B. When you enter those numbers in Turbotax, the program should tell you that you qualify for an additional $1100 of rebate and that would be added to line 30. This is what the screen looks like in the desktop version, the online version should be similar. (The numbers on my test account are different but the concept is the same.)
Since you have no entry on line 30, something went wrong. Either you did not enter the dependent correctly, or you did not enter a social security number, or you entered the wrong amounts as what you received in round 1.
If you indicated the child lived with someone else, or the child provided their own support, or that other relatives provided more than half the support, then you did something wrong in the dependent interview and that would also disqualify you in most cases, but that would show up on the front page of the return. Both children should be listed on the front of the tax return and the child tax credit box should be checked and NOT the box for "other credit."
If you can figure out what you did wrong, you can prepare an amended return to claim the credit, but don't file it until after your first refund is paid. Amended returns will probably take 6 months or more to be processed and paid.
If you still can't figure out what you did wrong, you may want to call customer support and do a screen share so they can look at your file with you.
