@Anonymous had the right answer. I had all the information filled in correctly. I double, tripled, and quadrupled checked. I deleted my child and re-added. Nothing worked for the stimulus portion to correct it to add the additional amounts for my new child dependent. TurboTax was recognizing them as a dependent so I was still getting the normal deductions just the stimulus portion was not "correct"
Turns out it WAS correct. Each stimulus was based on a prior tax return (2018/2019 [if filed] for #1 and 2019 for #2). It used these monetary numbers for income and dependents. The phase out portion is extremely quick for the stimulus (5% for everything over 150k joint). While the true stimulus is really based on 2020 returns, you don't have to pay back if you made more money. Well, we did make more and while barely over the original threshold, we are more over this time.
So TurboTax (and the IRS) take your 2020 income and determine what you SHOULD have gotten for the stimulus. And even with the extra dependent we still made too much. Simple example of what is happening (lets pretend full payment based on 2019):
Stimulus 1: 2 adults - 2400
Stimulus 2: 2 adults - 1200
Total: 3600
Now in your 2020 Taxes, you have a child, which should be $500 round 1 and $600 round 2, so an additional $1,100! Not in this case (or in others too!). Lets say I now make more that in 2020 (the real calculated numbers) I have into the phase out on the money. Based on on my 2020 taxes I SHOULD have only gotten (hypothetical example) $2000. Well I don't have to give any money back, so ya me for getting extra money. BUT I had a baby, so we add what should have been the additional child portion: $2000+$1,100 = $3100. Well $3100 < $3600 I actually got so even with the new child I still get NO ADDITIONAL STIMULUS MONIES.
So this was the answer, my 2020 income was high enough that the "phase out" was > the additional child. Therefore, no more extra money.
