If you had a baby in crazy 2020, congrats! At least, something good happened to you. Now, if you are wondering can your little one get a stimulus check I have great news for you. Children born between January 1st and December 31st, 2020 are eligible for up to $1100 in stimulus money, if their parents meet income requirements.
Where can I check if my child can receive stimulus money?
Get my payment is a useful IRS tool for checking the status of your payment. Using your newborn’s social security number you will most likely get this message:
We are unable to provide the status of your payment right now because:
- We don’t have enough information yet (we’re working on this), or
- You’re not eligible for a payment.
What does that mean?
IRS uses information from your federal tax returns from 2018 and 2019 to decide if you and your family are eligible for stimulus payments. Since your little one hasn’t had a chance yet to be on one of those as your dependent, that means you need to wait to file your 2020 federal tax returns this year. When you do that you should claim rebate recovery credit on Form 1040 or 1040-SR.
Rebate recovery credit is a credit against your taxes from last year. It will either increase the refund you will receive or decrease the amount you owe.
The maximum amount your baby can get is $1100. It comes from two payments: the first $500 was granted to families with a qualifying child in April, and the second one worth $600 was approved at the end of last year.
What are the eligibility requirements?
How much money your little one will get, if any, depends on your income. To receive the full amount the income limit is:
- Single filers $75,000
- The Head of the household $112,000
- A married couple filing jointly $150,000.
The check will be smaller if your income is higher. Unfortunately, individuals that make more than $99,000/year and married couples that make more than$198,000 are not eligible for any payments this time.