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.
Related Resources
Learn more about filing head of household and claiming the earned income tax credit with advice from the tax experts at H&R Block.
Learn more about the process of claiming the low-income housing credit and get tax answers at H&R Block.
It isn't your year to claim your child as a dependent, can you still claim Head of Household for the EIC? Learn more from the tax experts at H&R Block
Are you eligible for tax credits when pursuing higher education? Learn more about these credits and get tax answers at H&R Block.
