Get tax credit for child born in 2020 for the second stimulus chrck

[srobinson3524]

The Coronavirus Response and Relief Supplemental Appropriations Act of 2021payment isn’t correct, claim on 2021 taxes

[xmasbaby0 · Accepted solution]

Children born in 2020 were not included in the 1st stimulus because those checks were based on 2018 or 2019. No one got stimulus money for babies born in 2020 because the IRS did not know about those babies or have their SSN’s. 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-...

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

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. You will need to visit the recovery rebate section AFTER the form and software revisions are complete in order to do this correctly. 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.

[srobinson3524]

Thank you for the info! I usually do wait to file but like to slowly start entering what I can so it isn’t so burdensome to do all at once. I knew we would get the owed credit for our 2020 babies from the first check but wasn’t sure about the second one since it was technically paid to us in 2021, so was thinking we’d maybe have to wait until next year when we file 2021 taxes, but you’ve helped me out! I will update my info and check back periodically to see when the software is updated! Thanks! 

[RichM65]

What if our child was born after the first stimulus checks but before the second. Turbotax is giving me a credit for both stimulus checks when we should only be qualified for the second. What do I do?

[VolvoGirl]

Yes you qualify to get the first one too!  If they were born in 2020 you can get both 500+600 for them.  Even if a person died before the second one they still get it.

[JotikaT2]

The Recovery Rebate Credit is actually calculated based upon your 2020 Income Tax Return.  Therefore, your credit is calculated for both payments since you have the dependent listed on your 2020 tax return.

Please see the attached link for more information on the credit.

Recovery Rebate Credit eligibility

@RichM65