IRS tax guidelines simply state the child must be younger than 19 years at the end of the tax year. What about if the baby has not been born yet? Technically -1 day is less than 19 years and the baby is considered still a baby while inside the mother. How far can this be extended? What about a baby born on Jan 2nd? If the birth certificate time is what is official, how do time zone's factor in? Is simply by locality? Why doesn't the government just simply prorate this credit hence taking the guess work and unfairness out of it altogether.
2007-04-08 11:18:30 · 7 answers · asked by the_lord_apophis 1 in Business & Finance ➔ Taxes ➔ United States
No you cannot claim a baby born on the 1st day of the year on the previous tax year's taxes.
2007-04-08 11:33:33 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Sorry - I hope you got some nice presents from the hospital for the baby being born on Jan 1 - no tax deduction for 2006, the baby wasn't born yet then. The birth certificate time is official, and the date is what it is wherever the baby is born.
An unborn child can't be claimed as a dependent.
Actually, the government gives a much better deal than prorating - if the baby is born and alive for even a minute of the year, you get the credit for the whole year. But if it's not born until the next year, then no credit.
2007-04-09 02:08:41 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
Tax code states for the child to be claim as a deduction it must be born by 11:59:59 on December 31 of the tax year.
2016-05-20 02:38:33 · answer #3 · answered by ? 3 · 0⤊ 0⤋
Read the rest of the rules on page 19 of the 1040 instructions. The child must live with you for at least half of the year unless the exception on page 21 applies. That exception is: if the child was born or died during the tax year, and lived with you the entire time they were alive. Regardless of if you believe an unborn child is alive, the IRS does not consider them alive for tax purposes.
2007-04-08 13:10:08 · answer #4 · answered by STEVEN F 7 · 0⤊ 1⤋
The child had to be born on or before midnight December 31st of the tax year in question.
so no you could not claim the child as a dependant if they were born after that day
2007-04-08 11:30:33 · answer #5 · answered by Anonymous · 1⤊ 0⤋
Nice try, but nope.
2007-04-08 11:22:37 · answer #6 · answered by bow_wow_wow_yippieo_yippiea 3 · 0⤊ 1⤋
no
2007-04-08 11:26:35 · answer #7 · answered by Willies G 3 · 0⤊ 0⤋