If a baby isn't born yet and not due until January can you claim them on your income taxes for this year? Or do you wait until next year? I have been told both, but not sure whats true. Please only answer if you really know the truth.
2006-11-21 12:08:09 · 7 answers · asked by sassyfriend16 2 in Business & Finance ➔ Taxes ➔ Other - Taxes
HI, You can claim a baby if they are born one minute before midnight on the last day of December, but you have to wait until you do next year's taxes if the baby is born on January 1st. I had a baby on the 29th of December which was nice, because we were able to claim the baby for the whole year.
2006-11-21 12:18:00 · answer #1 · answered by sunshinesue_1999 4 · 0⤊ 0⤋
Must be born to claim deduction.
However, you can claim certain uninsured medical expenses for an unborn child on your 1040A, subject to a floor expense level and ceiling deduction amount. Usually it's a pretty difficult tax feature to take advantage of (depending on your income), but it's worthwhile noting that it exists.
2006-11-21 12:13:53 · answer #2 · answered by csanda 6 · 1⤊ 0⤋
you can only claim your baby after the year he/she is born, you will have to wait for next year.
2006-11-21 12:16:32 · answer #3 · answered by Fluffington Cuddlebutts 6 · 0⤊ 0⤋
You can only claim them if they're born by midnight December 31.
2006-11-21 13:19:38 · answer #4 · answered by Judy 7 · 0⤊ 0⤋
if its not born before the first of the year you can not claim it you have to wait another year before you can claim it
2006-11-21 12:17:24 · answer #5 · answered by roy40372 6 · 0⤊ 0⤋
As a grandparent can I claim my Grandchild for the whole year if she was born in April and Thanks
2015-03-29 10:45:48 · answer #6 · answered by Terry 1 · 0⤊ 0⤋
sorry, next year deduction.
2006-11-21 12:15:57 · answer #7 · answered by COCO 4 · 0⤊ 0⤋