topic My wife and I had a baby girl in March of 2020. We didn't get the $500 child credit. I'm able to claim that on turbotax. What about the second round? I can't claim it in Get your taxes done using TurboTax

My wife and I had a baby girl in March of 2020. We didn't get the $500 child credit. I'm able to claim that on turbotax. What about the second round? I can't claim it

Level 16 TurTax Blackbelt Champ — Sat, 02 Jan 2021 21:30:24 GMT

We should also get a $600 one but turbotax says we are only owed $500 for her.

Re: My wife and I had a baby girl in March of 2020. We didn't get the $500 child credit. I'm able to claim that on turbotax. What about the second round? I can't claim it

xmasbaby0 — Sat, 02 Jan 2021 21:32:01 GMT

Children born in 2020 were not included in the 1st stimulus because those checks were based on 2018 or 2019. But on your 2020 tax return you can claim your child born in 2020 for the stimulus money, as well as the other child-related credits. You enter your new dependent in My Info. When you go through the screens in My Info make sure to say your child lived with you the WHOLE year. When it asks the oddly worded question about whether your child paid for over half their own support say NO.

The stimulus check is an advance on a credit you can receive on your 2020 tax return. If something went wrong or you did not get the stimulus check this year, you can get it when you file your 2020 return in early 2021—if you are eligible.It will end up on line 30 of your 2020 Form 1040.

https://www.irs.gov/newsroom/economic-impact-payment-information-center-topic-j-reconciling-on-your-2020-tax-return

https://www.irs.gov/coronavirus/coronavirus-tax-relief-and-economic-impact-payments-for-individuals-and-families

https://ttlc.intuit.com/community/tax-topics/help/how-will-the-stimulus-package-impact-me/00/1393859

We know that the IRS is already revising the 2020 Form 1040 to include the 2nd stimulus, but that change will entail a lot of re-programing at the IRS and for the tax software programs. It may be at least a month — or longer— before the forms are changed. Do NOT be in a hurry to file your 2020 tax return until more is known. Give some extra time to the IRS and the software programmers so that the software can handle the new 2nd stimulus, so that you can get it all by filing ONE time. It is never a good idea to file too early; filing your 2020 return too soon may result in a lot of extra confusion that can be avoided if you wait and file a little later.

Re: My wife and I had a baby girl in March of 2020. We didn't get the $500 child credit. I'm able to claim that on turbotax. What about the second round? I can't claim it

NCperson — Sat, 02 Jan 2021 22:00:11 GMT

Since you already can see that the extra $500 is posted for your child, then you are 'good to go' We just need to wait for the programming to catch up to the tax law changes of earlier this week.... expect that by the time the filing window opens at the end of January.... but suggest NOT filing until you are confident the software has updated to reflect the $1100.

Re: My wife and I had a baby girl in March of 2020. We didn't get the $500 child credit. I'm able to claim that on turbotax. What about the second round? I can't claim it

Level 16 TurTax Blackbelt Champ — Sun, 03 Jan 2021 16:17:45 GMT

I appreciate it. Yes, I have to wait until March anyways for all the important tax forms to come to me. I just wanted to make sure since I do not see any disclaimer from Turbotax about waiting. I figured there would be some type of disclaimer when it said $500 about them waiting for IRS to process.

Thank you

Re: My wife and I had a baby girl in March of 2020. We didn't get the $500 child credit. I'm able to claim that on turbotax. What about the second round? I can't claim it

NCperson — Sun, 03 Jan 2021 16:30:12 GMT

@Level 16 TurTax Blackbelt Champ - frankly, I suspect since the law was just signed a week ago and most of TT employees probably were on vacation, it hasn't occurred yet.