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

Connecticut (CT) Property Taxes

Do you own real property in Connecticut? Get your CT property tax rate questions answered with help from the experts at H&R Block.

Qualifying Dependent 101: Who Can You Claim?

Claiming Dependents is an important part of filing your taxes. Review the tax basics of qualifying dependents with the tax experts at H&R Block.

Student Loan Interest Deduction Basics

The IRS provides a tax break for people paying down their student loans. Learn more about deducting student loan interest with the experts at H&R Block.

Navigating Business Vehicle Expenses Tax Deductions

Can you deduct business vehicle expenses on your taxes? Learn more about business vehicle deductions and get tax answers at H&R Block.