Ok my husband and I have a 5 yr old and soon to be newborn when the baby im carrying now is born next month will we get the tax credit I don't work but my husband does?
2007-01-19 08:46:58 · 6 answers · asked by crystald24 2 in Business & Finance ➔ Taxes ➔ United States
We dont plan on filing until march which would make the baby about a month old does it make us eligable?
2007-01-19 08:53:43 · update #1
As far as your 2006 return is concerned, time stopped on 12/31/06. Whatever happens after is irrelevant and does not effect the return.
2007-01-19 08:57:54 · answer #1 · answered by Wayne Z 7 · 1⤊ 0⤋
You should be able to get the credit for your 5yr old, but not the baby. You can't claim the baby unless it was born on Dec. 31st or earlier (basically any time DURING that tax year, in this case 2006). You'll be able to claim the baby next year though, even though it wasn't there the whole year.
2007-01-19 19:37:21 · answer #2 · answered by kittikatti69 4 · 0⤊ 0⤋
You'll get the credit for your 5 year old. Since the new baby wasn't born until after 2006, you can't get the credit for him on your 2006 return no matter when you file it.
2007-01-19 18:55:05 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
For your 2006 return, you can get the $1,000 child tax credit for your 5 year old. Your soon to be newborn won't be claimed until you file your 2007 return.
2007-01-19 16:52:11 · answer #4 · answered by jseah114 6 · 1⤊ 0⤋
My wife was reading up on the new tax laws on the computer and she was telling me that u can claim both of your children born and unborn.If you want to know for sure you can call like H&R Block or some credited place that does taxes. They will be able to tell you for deffinate.
2007-01-19 17:06:15 · answer #5 · answered by GRIZZLYBEAR 1 · 0⤊ 2⤋
No,because the child has not been born yet
2007-01-19 16:51:36 · answer #6 · answered by Casey H 1 · 0⤊ 0⤋