I was just wondering if I would get the same amount of money or a lot less since Im have my baby so late in the year?
2006-11-10 11:22:15 · 7 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ Other - Taxes
a credit is a credit get turbo tax but I don't think its a problem
2006-11-10 11:24:45 · answer #1 · answered by rahnside 2 · 0⤊ 0⤋
you may get baby Tax credit yet working Tax credit relies upon on how plenty income you get. On our final replace it reported that we've been entitled to £4731 in line with 12 months working Tax credit yet then precise below that it reported that the help through our income replaced into an identical quantity so we finally end up with no longer something! We usher in below £30k a 12 months between us so the decrease off component is obviously fairly a low income. stable success!
2016-12-10 06:46:12 · answer #2 · answered by sickels 4 · 0⤊ 0⤋
As long as the child is born in 2006, you may claim the complete tax credit...providing you meet the income criteria, etc. The time of the year the child is born is NOT relevant.
2006-11-10 11:34:44 · answer #3 · answered by dltcpa 2 · 1⤊ 0⤋
As long as your child is born before midnight on dec 31st they are considered to have lived with you the whole year, and you qualify for the tax credit.
2006-11-12 16:26:55 · answer #4 · answered by Simplekindoflife 2 · 0⤊ 0⤋
As long as your child is born before midnight on 12/31, you'll get the full year.
2006-11-10 11:24:20 · answer #5 · answered by Anonymous · 1⤊ 0⤋
at this point i would focus on thanking God for the baby that He is creating. Junior may not be born until Jan the 1st. cross that bridge when you come to it. no offense meant.
2006-11-10 11:26:40 · answer #6 · answered by Millenium Man 2 · 0⤊ 0⤋
as long as it is born before 12:01 am January 1st, you will get all the deductions on it. if its after 12:01, you have to wait until next year.
2006-11-10 11:25:26 · answer #7 · answered by george 2 6 · 1⤊ 0⤋