Deductions & credits

@SoJerZ-naytiv - it will work itself out...here's how and why: 

 

  • The stimulus payments are really based on your 2020 tax return (income, dependents, etc).
  • The IRS is using either 2018 or 2019 – whatever is available  - to ESTIMATE that payment
  • When you file next year there will be a “settle up” section on the tax return. 
  • If you are due more stimulus (and this would include where a child was missed), you will receive it through the 2020 tax filing
  • If you received too much, by law, you are not required to return it

 

there are numerous press reports of dependents missing from the stimulus payments.