Retirement tax questions

 

 

What do you mean by "had our baby this year?"   If your child was born in 2025, you claim the child next year on a 2025 tax return.  You cannot claim the baby on a 2024 tax return unless the child was born in 2024.

 

It is too late to request an extension---you had to do that by April 15, 2025.   You cannot claim your child and get the child tax credit unless the child has a Social Security number, so if you want to claim your child as a dependent then you should wait for the SSN.   If you are getting a refund or do not owe tax due, there is no penalty for filing past the deadline.   If you owe tax due, you are late and will be subject to late penalties and interest owed.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**