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.
Learn more about IRS Form 8396 and claiming the mortgage interest credit from the tax experts at H&R Block.
If your dependent child uses student loans, do they count as taxable income? Get answers about these and other tax questions with H&R Block.
Do you have to pay income tax in Tennessee? Find out everything you need to know about Tennessee taxes, with help from the tax pros at H&R Block.