Third Stimulus New Baby in 2021

[windfall248]

Hey Everyone,

My husband and I filed our 2020 taxes and already received our refund; however, we filed a couple weeks before our baby was born on February 18. Would there be any benefit in amending the return to include the baby as a dependent? Would we get the additional stimulus by doing so? Any feedback or info is greatly appreciated. Thanks!

[DoninGA]

Since the child was born in 2021 you can only add them as a dependent on the 2021 tax return that you will file next year.

[Hal_Al]

Since you did not (and could not) claim the baby on your 2020 tax return, the child will not be eligible for the advance payment of the next $1400 stimulus.  However, you will get $1400 for him/her, when you file your 2021 return in 2022. 

[SweetieJean]

And keep in mind that the 3rd stimulus has not yet been enacted into law, so it could change.