Had a Baby in 2020? You're in Line for an Extra $1,100 Stimulus Check
Typically, the first babies born in the new year get all the front-page newspaper stories, and that will probably still be true in 2021. But while the first babies of 2021 bask in the limelight, eligible parents of those final 2020 babies will get a decent consolation prize: up to $1,100 of extra stimulus cash.
Both rounds of stimulus payments are an advance on a 2020 tax credit, even though most people will have gotten their money long before they file their tax returns for the year. The urgency of the situation required the IRS to get those tax credits out ASAP, rather than waiting until people filed their tax returns in early 2021. To determine eligibility, the IRS had to use 2019 tax returns (or 2018 returns in some cases for the first round).
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Source Fool.com
