Turbo tax is saying we received the full stimulus we qualified for ($3600), which is incorrect based on my understanding. We were entitled to $1100 more for our child born in 2019.
TurboTax displays the amount of stimulus you should have received based on your 2020 income tax return. It then asks whether you received that amount. If you did not, TurboTax asks you to enter the amount you actually received.
If you make that adjustment, you should receive the additional stimulus for your newborn as a Recovery Rebate Credit.
In TurboTax Online, to get to the Recovery Rebate Credit section
Any stimulus amount due to you will show as a credit on line 30 of your Form 1040.
Thank you - the thing is Turbo Tax is saying we only qualified for $3600 as a married jointly couple. We should’ve qualified for $4700. $1100 additional for (1) dependent. I’m thinking I need to clear everything including my cache and start over? Checked child stayed with us entire 2020.
Before you start the entire return over, start with just deleting the dependent and re-adding them. Does the child have an SSN entered? Make sure that the relationship is correct, that you have selected lived with the whole year, double-check the birthday entered, and make sure the child is showing up on your Form 1040 as a dependent. Look in box (4) of the dependents section.....Is there a checkmark for ''Child Tax Credit'' or ''Credit for other deps''?