Having a child can change your taxes. Check what you qualify for each year.
Look into
- The Child Tax Credit
- The Earned Income Tax Credit, which is larger for families with children
- The Child and Dependent Care Credit
- Your state's child or family tax credits
You'll need
Your child's Social Security number to claim most credits.
Amounts and rules change. Check IRS.gov or a tax professional. Nickel Nest Egg isn't paid by any baby brand, store, registry or insurer.