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Stimulus

Forum|Forum|5 years ago
February 3, 2021
2 replies
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My wife and I had our first child in fall of 2020. So we did not receive any stimulus funds for the child as expected. This is supposed to be paid when 2020 taxes are filed. I have gone through the entire TT deluxe and nowhere does it mention how that money is received. It is not included in our refund,and when I add our stimulus amounts in the federal review section nothing is mentioned about child stimulus. What am I missing?

Best answer by bluedeb

Make sure when you entered your child's information that the child lived with you all year. A child born during the tax year is considered as living with you all year.

The Recovery Credit is asked after the Other Tax Situations section (Federal Review) of the 2020 TurboTax program you will be asked about the stimulus payment received or not received.

After you asked about the stimulus payment & you qualify, you will get the Recovery Rebate Credit (stimulus) on the 2020 federal tax return, Form 1040 Line 30.

bluedebAnswer

Employee

Make sure when you entered your child's information that the child lived with you all year. A child born during the tax year is considered as living with you all year.

The Recovery Credit is asked after the Other Tax Situations section (Federal Review) of the 2020 TurboTax program you will be asked about the stimulus payment received or not received.

After you asked about the stimulus payment & you qualify, you will get the Recovery Rebate Credit (stimulus) on the 2020 federal tax return, Form 1040 Line 30.

M

mht497Author

Actually a child has to be born minimum 6 months before the end of the year in order to be considered living with you the whole year. Our child was born in October. So I understand that he wouldn’t qualify for the first round of stimulus last spring but he definitely qualifies for the second round this winter. Both my wife and I received the full stimulus amounts both times and I entered that information into the proper section in the TT software. Nowhere does it say we will be getting a stimulus payment for our child and our refund amount at the top of the page does not change when that information is entered. I guess my question is,is that stimulus sent after taxes are submitted to the IRS?and that is why it doesn’t show in our calculated refund? Or is it supposed to be part of the refund and I missed something??

Critter-3

@mht497

WRONG WRONG WRONG .... a child simply needs to be born by the stroke of midnight on 12/31 to be considered a qualifying child for the entire year ... read the rules again and look at this screen in the program ... a child born anytime during 2020 qualifies for BOTH stimulus payments.

N

Nedelka1954

How i can get my first stimulus check.

DawnC

Employee

If you did not receive your first stimulus payment, you can claim the Recovery Rebate on this tax return you are filing now (2020). After you enter all of your tax information, TurboTax will ask you the amount you received for the first two payments. Enter 0 for the first one (assuming you did not receive it) and then enter the amount you received for the second one. TurboTax will calculate the amount of your Recovery Rebate credit and put it on Line 30 of your Form 1040, so you will receive it as an addition to your tax refund amount or a subtraction to the amount you owe. To get to the stimulus questions at any time, you can type stimulus in the search bar and use the Jump to stimulus link to be taken there. @Nedelka1954

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