Recovery Rebate Credit for Newborn in 2021

[Reclifton22]

After completing my return as a married joint filing it shows that we are ineligible for the recovery rebate credit. I had a baby in 2021 and did not receive an EIP3 for him but did receive for myself, husband and other child. Our AGI was $148k for 2020, but in 2021 it was over $154k? Are we ineligible for this credit like worksheet shows on line 30 of form 1040? IRS shows eligibility based on AGI for 2020. My son was born after we filed taxes for 2020 so he was not listed on return. Any help with how to get this credit?

[VolvoGirl]

First make sure your new baby is showing up right.

If you had a child born in 2021- Add them under My Info. You need to answer 2 questions…..

Did your child live with you for the whole year? Answer YES even if they were born late in the year even on Dec 31.

Then was at least half of child's expenses paid by CHILD? Usually is NO.

Then it is really based on your 2021 AGI so it may be too high to claim anymore.  But the good news is your don't have to pay any back.  See Question #3 here
https://www.irs.gov/newsroom/2021-recovery-rebate-credit-topic-c-eligibility-for-claiming-a-recovery...
   

[xmasbaby0]

The 3rd EIP was sent out in a hurry during 2021 so they could use 2020 information to hustle the checks out.   But the credit is really based on your 2021 income.   If you got the stimulus check already you do not have to pay it back, but if you are trying to get it on your 2021 tax return you are subject to the "phase out" for your 2021 income.   Sorry.

[Reclifton22]

Thank you that’s what we figured just wanted to make sure we weren’t leaving money on the table.