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Did you have a baby in 2021? You’ll see another $1,400 in 2022

Parents that welcomed a new child to their family may not have received the dependent stimulus checks in 2021, but they can see them in 2022 along with the expanded child tax credit.

The American Rescue Act gave parents $1,400 for each household member, including dependent children.

While parent benefitted from this, many new parents did not receive the same luxury.

Related: 5 ways you could claim as much as $14,300 in stimulus cash in 2022

The stimulus checks were sent to families based on their 2019 or 2020 tax returns.

This means only families who have previously reported having dependents were sent checks by the IRS.

If you gained a dependent through child birth or adoption in 2021, you’ll be able to claim the child on your 2021 tax return and get the stimulus payment for them.

Related: Here is how you can claim the new stimulus payment worth up to $8,000

There is no limit to the number of dependents you can claim, so if you had twins you can claim $2,800.

The exact number of births for 2021 is unknown, but it’s expected to be similar to the number for 2020, which was 3.6 million.

Child Tax Credit and newborns

Under the American Rescue Act, President Joe Biden raised the credit from $2,000 to $3,600 for children under age 6 and $3,000 for children ages 5-17.

This means anyone who had a newborn and did not collect advanced child tax credit payments this year may claim the full $3,600 on your 2021 tax return.

Related: There are 13 tax deductions to know about to prepare for your 2021 taxes

This means news parents could see up to $5,000 per child, or $10,000 if they had twins.

Biden had hoped to extend the advanced payments and increase of credit, but the Build Back Better bill did not pass before 2022.

This means January will be the first month in 6 months parents do not see a monthly payment worth up to $300.

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