The IRS has said it will fix tax returns with the wrong stimulus amounts. If a correction is needed, there may be a slight delay in processing your return and the IRS will send you a notice explaining any change made.
The IRS will probably deduct your second stimulus payment from your refund amount because it's in your bank account.
The amount for your newborn should be part of your Recovery Rebate Credit. The payment would be $500 plus $600. The third payment is not part of the tax return. Since you had your baby in 2020, that payment made be delayed. You may get a third payment without the $1,400 for the baby. It depends on how quickly the IRS processes your information.
The IRS has not said how it will deal with catch-up payments. However by filing now, your baby will be registered for the $3,600 credit for child under age 6 coming this summer.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
