Stimulus credit for new baby
Is the $500 stimulus payment available for a baby born in 2020? How would IRS know about the baby?
Terry Says
Parents of children born in 2020 won’t get a payment for that child now. However, assuming they qualify based on their 2020 income, they will get $500 added to their tax refund or subtracted from their income-tax bill when they file their 2020 tax returns in early 2021.
