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Rebate Credit for new born in 2020

vannun33
Level 2

I have multiple clients who have new born in 2020, I follow instruction on 1040 line 30 instruction, per software I was able to get credit $1100 for new born in 2020. I want to make sure it is correct. Can someone confirm me on this matter, I read left and right on who is eligible but I did not see any that explained well on new born anytime in 2020.

 

Thanks really appreciated 

1 Solution

Accepted Solutions
BobKamman
Level 14

Yes, the taxpayer who claims the newborn as a dependent is eligible for both recovery rebate credits,  EIP#1 of $600 and EIP#2 of $500, provided the other requirements are met.

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3 Replies 3
IRonMaN
Level 15

If the kid was born by 11:59 pm on 12/31/20, you have a credit.

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Just-Lisa-Now-
Level 15
Level 15
Do you mean the recovery rebate credit?

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BobKamman
Level 14

Yes, the taxpayer who claims the newborn as a dependent is eligible for both recovery rebate credits,  EIP#1 of $600 and EIP#2 of $500, provided the other requirements are met.

View solution in original post