Taxing Times: Could New Parents Get Extra Stimulus?

The video tutorial discusses the eligibility of newborns for stimulus payments, focusing on babies born in 2020. It explains that eligible parents can receive up to $1100 in extra stimulus cash if they meet income limits. The recovery rebate credit, authorized by the Cares Act, is available for new parents to claim. The video also outlines the qualifications needed to claim a dependent, such as being a U.S. citizen or resident alien with a Social Security number. Additionally, it provides guidance for taxpayers who did not receive their stimulus checks or received incorrect amounts, directing them to visit a website for more information on the upcoming tax season.

What are the requirements for a dependent to be claimed for the recovery rebate credit?

What should taxpayers do if they did not receive their stimulus checks or received the wrong amount?