Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal


Real Estate Classifieds
Reviews & Feedback
Updated almost 5 years ago on . Most recent reply

How to get $500 stimulus for daughter born in 2019
Hi!
This question is for folks keeping up with the upcoming stimulus. It sounds like the IRS is administering sending funds for folks, at that $1200 / person + $500 per kid/dependent. The trick is we haven't filed our 2019 taxes yet, and we had Sarah born 4/30/2019. I'm wondering if anyone knows how we can ensure the IRS has records of our newest addition so we don't get left out of that other $500. Maybe there's a form? Maybe they have it covered if they're working with the Social Security administration, etc.?
Thanks in advance.
Most Popular Reply

First of all congrats on the new baby!
From what I've heard since the IRS has no way of knowing you have an additional child, there will be a $500 credit on your 2020 taxes. Not sure how that is supposed to immediately stimulate the economy but that is what I've read.