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I recently had a child. Is there new baby tax credit or new baby child tax credit?

No. There is no tax credit specific to the birth of a child. However, you can claim the child tax credit. The Child Tax Credit can reduce your tax bill by as much as $1000 per child. This tax credit is applicable to your dependent children under age 17.

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Calculators

So how much will you get (or owe) this year? That’s the million-dollar question. We happen to have three very useful calculators to help you estimate your refund or balance due.

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