the baby was born on 11/07/07
2007-11-29 15:08:44 · 12 answers · asked by rvu80 1 in Business & Finance ➔ Taxes ➔ United States
Your baby must be born by 12/31/07 to become a tax deduction for this year, when you fill out your tax records, you must have a social security # for your kid (which you fill out at the hospital usually) and they forward you the # from the government. Even though it says if the child only lived with you part of the year, you may only take half or no deduction... With a newborn this does not apply. You get to take the entire credit. Went through this last year with my little one..... Congratulations!!!!!!
2007-11-29 15:16:05 · answer #1 · answered by rgs3girls 3 · 1⤊ 4⤋
These people are all wrong. Actually, unknown to many, if the child is born by 1/1/xx he can be claimed as a dependent for the previous year. On your tax return you should show that the child resided with you for 12 months even though he was born on 11/07.
2007-11-29 23:18:59 · answer #2 · answered by lcmcpa 7 · 2⤊ 3⤋
A child born as late as 12/31/07 will be claimed as a dependent on their parents' 2007 tax return.
2007-11-29 23:11:01 · answer #3 · answered by neoplop 7 · 4⤊ 3⤋
Before midnight on 12/31. The baby born in November made it in plenty of time to be claimed for the year.
2007-11-30 00:01:07 · answer #4 · answered by Judy 7 · 2⤊ 3⤋
12/31
2007-11-30 05:46:42 · answer #5 · answered by peacesells21 3 · 0⤊ 3⤋
That qualifies. Even on the last day of the year at the last instant would qualify for being a 2007 child and a 2007 tax deduction.
2007-11-29 23:12:15 · answer #6 · answered by Rich Z 7 · 3⤊ 3⤋
on or before 12-31-07 12:59 pm
2007-11-29 23:12:50 · answer #7 · answered by ☮ Sprεε 3 · 4⤊ 4⤋
The cutoff is the end of the tax year, so 12/31. Congratulations!
2007-11-29 23:13:16 · answer #8 · answered by Nicole 2 · 3⤊ 3⤋
anytime during the year even if it was born 12/31/2007
2007-11-29 23:11:26 · answer #9 · answered by dormi22 3 · 3⤊ 3⤋
12/31 of the fiscal year
2007-11-29 23:10:30 · answer #10 · answered by Anonymous · 3⤊ 3⤋