stimulus

[dmkennell1]

I claimed my child in 2019 and received the stimulus payment, my ex is claiming her in 2020.  My current wife and I had another child in December, which we did not get the stimulus for.  How do we get that for her?

[MinhT1]

Your newborn baby is eligible for both stimulus payments. You enter your child as a dependent on your 2020 tax return and indicate that he/she lived with you the whole year. You can then claim the stimulus payments as the Recovery rebate credit on your 2020 tax return.

In TurboTax Online, to claim the Recovery Rebate credit please do the following:

1. Sign into your account and continue from where you left off
2. Click on Federal in the left-hand column, then on Federal Review on the top of the screen
3. On the next page titled Let's make sure you got the right stimulus amount, click on Continue
4. Follow the interview
5. TurboTax will determine whether you are entitled to any additional stimulus
6. Any stimulus amount remaining due to you will show as a credit on line 30 of your form 1040.

[dmkennell1]

TT is saying that we received everything because we are not claiming the older one this year but we did not get anything for the new baby.

[CatinaT1]

The payments were an advance credit for 2020.  2019 information was used in sending out the payments since 2020 tax returns had not been filed at the point the stimulus payments were sent out.  They are being reconciled when you do your 2020 return.  In some cases, people may have been given a stimulus payment based on their 2019 dependents that did not qualify based on their 2020 dependents, and vice versa. 

In your particular case, you received a stimulus for 1 dependent based on your 2019 return.  Now that you are filing your 2020 return, you only have 1 dependent and you received the stimulus already for 1 dependent.  If you were claiming the other child still in 2020, you would have 2 dependents and would qualify for the rebate recovery credit.

[dmkennell1]

Shouldn't I still get stimulus for the baby born in 2020?

[CatinaT1]

No.  Like I said the stimulus was an advance for your 2020 return.  Based on your 2020 return, you should not have gotten the stimulus for the child you claimed in 2019.  So when you are filing your 2020 return and only have 1 dependent to claim, you received the correct amount.

See Question #3 in this IRS FAQ:  IRS FAQ