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cynthiarr
New Member

I have a baby and I was told I'm supposed to get extra money for him but my refound total doesn't show that money. Am I still getting it.

 
1 Reply
MollsBBU
New Member

I have a baby and I was told I'm supposed to get extra money for him but my refound total doesn't show that money. Am I still getting it.

Claiming a new baby does give you certain tax breaks.

Claiming your son or daughter as a dependent will shelter $4,050 of your income from tax in 2016. A new baby also delivers a $1,000 Child Tax Credit, and this is a gift that keeps on giving every year until your dependent son or daughter turns 17. You get the full $1,000 credit no matter when during the year the child was born. Unlike a deduction that reduces the amount of income the government gets to tax, a credit reduces your tax bill dollar for dollar. So, the $1,000 child credit will reduce your tax bill by $1,000.

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