Question

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

Answer

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.

Related Topics

Related Resources

Claiming EITC but Not Dependent

Can you claim your children for the Earned Income Tax Credit but not as dependents, so your ex-spouse can claim them as dependents? Get Tax Answers from H&R Block.

Married Filing Jointly vs. Married Filing Separately

Learn the impact of being married and filing jointly vs. being married and filing separately with advice from the tax experts at H&R Block.

Claiming a Qualifying Child or Relative

Can you be claimed as a qualifying child or relative if you are 24 years old and live with your parents who primarily support you? Get tax answers fro

Filing for a Deceased Taxpayer

If you need help handling an estate, we're here to help. Learn how to file taxes for a deceased loved one with H&R Block.