If you had a baby in 06', do you get a tax credit? Is it based on your income? How much is the tax credit??
2007-01-15 01:00:58 · 5 answers · asked by Long Island GQ 1 in Pregnancy & Parenting ➔ Other - Pregnancy & Parenting
Yes, you get the credit. Even if the baby is born 12-31, you get the credit. It's $1000 each child.
2007-01-15 03:28:47 · answer #1 · answered by Jessie P 6 · 0⤊ 0⤋
Yes. There are many life changing events that one gains tax credits for. Graduating from college, moving more than X distance, divorce, marriage, births and deaths all have tax breaks that come with them. Go to the IRS.gov and look it up.
2007-01-15 01:05:33 · answer #2 · answered by Richard Bricker 3 · 0⤊ 0⤋
Yes, you get a credit. And yes, there are income limitations.
Go to IRS.gov for all of the details.
2007-01-15 01:03:46 · answer #3 · answered by Jordan K 3 · 1⤊ 0⤋
yes, you do--even if the baby was born on the last day of the year. ;-) it's not based on income, as far as i know, and i think it's around 3k.
2007-01-15 01:05:11 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Yes they be counted on your taxes
2007-01-15 01:06:14 · answer #5 · answered by Due 3/3/10 3 · 0⤊ 0⤋