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.
Does an infant qualify as a dependent for purposes of the child care tax credit? Learn more from the tax experts at H&R Block.
Learn more about the different credits that form the investment credit and get tax answers at H&R Block.
Can you claim education credits if you don't claim a child as a dependent? Learn more from the tax experts at H&R Block.
Learn whether you can claim a family member who's not your child but who lives with you as a nondependent for EIC purposes with advice from H&R Block.