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Yes, in your 2020 return, enter the amount you have already received (if any), then the program will calculate any additional stimulus money you are owed for your child. Make sure when it asks how long your child has lived with you, put all year.
Yes, in your 2020 return, enter the amount you have already received (if any), then the program will calculate any additional stimulus money you are owed for your child. Make sure when it asks how long your child has lived with you, put all year.
Same situation here for a family member (had a baby in April 2020), and when we used the new stimulus calculation page in the TurboTax program, it told us they received the right amount and no more was owed. Anyone know if there will be an update to the program to fix this, or should we file some kind of ticket with customer service?
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 in 2020, you can get it when you file your 2020 return in early 2021
This will be found in the Federal Review section under Other Tax Situations. If you are eligible.It will end up on line 30 of your 2020 Form 1040.
https://ttlc.intuit.com/community/tax-topics/help/how-will-the-stimulus-package-impact-me/00/1393859
Same situation here for a family member (had a baby in April 2020), and when we used the new stimulus calculation page in the TurboTax program, it told us they received the right amount and no more was owed. Anyone know if there will be an update to the program to fix this, or should we file some kind of ticket with customer service?
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