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.
Can you apply for a dependent care credit if you have a disabled spouse? Learn more from the tax experts at H&R Block.
Does the number of dependents on your W4 need to match the number on your tax return? Learn more and get tax answers from H&R Block.
Do you need to itemize your charitable donations to claim them on your taxes? Learn more from the tax experts at H&R Block.
Learn about IRS Form 8801 with help from H&R Block. Our tax pros explain how the credit for prior-year minimum tax may affect you.