Level 2

Question

Newborn children and EIP payments

9 replies
43 views

Does a child born in October really qualify for the May payment of $500? The ProSeries form seems to think that he qualifies. I'm asking since I also had a client who passed away in August but DOES qualify for the December payment. I'm not sure if the IRS is splitting hairs on children or not!

ProSeries Professional

This topic has been closed for replies.

George4Tacks

Level 15

Trust your software on this one.

Answers are easy. Questions are hard!

IRonMaN

Level 15

If a kid is born on Dec 31st, is it treated any differently for earned income credits or child tax credits than one born 11 months and 30 days earlier?

Slava Ukraini!

Just-Lisa-Now-

Intuit Community Champion

Anyone that was alive in 2020 qualifies for the entire RRC, dont worry about when they were born or died.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

G

gp2020Author

Level 2

Thanks everyone!

George4Tacks

Level 15

@IRonMaN just opened a 2nd shop. Be sure to take him up on his offer.

Answers are easy. Questions are hard!

M

mikec610

Level 3

I have a question along the same lines. My client is divorced . He and his X alternate years claiming their son. X claimed on the 2019 return and received the Stimulus payment for herself and the son. I am claiming the son on my clients 2020 and the software is giving him $1,100 when I reconcile the Stimulus payment. Am I missing something here???

Just-Lisa-Now-

Intuit Community Champion

That sounds right. Again, dont worry about 2019, Dont worry about what the other parent may have recieved.
2020 is the eligible year. Whomever claims the child that year is entitled to the RRC. If YOUR client didnt get any advance for that child, they get it on the 2020 tax return.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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