2007-01-22 12:45:02 · 4 answers · asked by Jensen 2 in Business & Finance ➔ Taxes ➔ United States
Yes. As long as he was born before the end of 2006. Make sure you get a social security number for him, as you will need it on the tax form.
Congratulations on your new baby!
2007-01-22 12:50:27 · answer #1 · answered by ms_quiltsalot 2 · 2⤊ 0⤋
Yes, any child born on or before December 31, 2006 is considered your dependent for the entire tax year.
2007-01-22 20:49:07 · answer #2 · answered by Bostonian In MO 7 · 1⤊ 0⤋
Absolutley!!! Claim that baby boy. Not only are you eligible for the standard 3300 dollar deduction for him you may also qulify for EIC (earned income credit) which in many cases can be a substantial amount of money. So as soon as you have all of your w2's and 1099 forms get to filing. In addition go t www.irs.gov and see if you qualify to e-file for free. There is an income limit but it is reasonably high (over 50,000) so go. GO NOW! What are you waiting for? GO!!!!!!!!!
2007-01-22 20:56:07 · answer #3 · answered by Anonymous · 1⤊ 0⤋
Yes, both for Child Tax credit and for a dependent.
2007-01-22 20:49:20 · answer #4 · answered by John T 6 · 1⤊ 0⤋