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Does the AGI % reduction apply to both the 1st and 2nd Stimulus independently?
Yes, you may have an AGI that qualified for partial payment #1 but disallowed partial payment #2 or vice versa. The AGI limitation below applies to both payments. Payment 1 was $1200 per taxpayer and Payment 2 was $600 per taxpayer. The first payment includes $500 for each qualified dependent and the second payment added $600 for each qualified dependent.
If your adjusted gross income (AGI) is below,
For filers with income above those amounts, the payment amount is reduced by $5 for each $100 above the $75,000/$112,500/$150,000 thresholds. @MONK33
I need to add baby to child tax credit
@Andy331 You have not said when your child was born. If your baby was born in 2021 then you will be able to use the IRS portal later in the summer to add the newborn. That portal is not ready yet.
https://www.irs.gov/credits-deductions/child-tax-credit-update-portal
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