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    mrsswindle04's Avatar
    mrsswindle04 Posts: 1, Reputation: 1
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    #1

    Nov 15, 2007, 08:26 PM
    Claiming a Baby on taxes
    We will have a new baby by the end of this year and we were wondering about the law regarding claiming the new baby on the upcoming taxes?:confused:
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
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    #2

    Nov 15, 2007, 08:28 PM
    As long as the baby is born prior to midnight 12/31 you can claim it as a dependent for 2007.

    I knew an accountant who had 4 kids all born in December.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #3

    Nov 16, 2007, 04:14 PM
    You know, that makes sense!

    The accountant is working ungodly long hours in February and March, and would tend to connect with his/her spouse during these stressful times as a form of release.

    Since such encounters are catch-as-catch-can, it would make sense that little planning is involved.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
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    #4

    Nov 16, 2007, 05:34 PM
    He told me he planned it that way.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #5

    Nov 16, 2007, 11:16 PM
    I doubt that, not if he has a practice/job that works tax returns.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
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    #6

    Nov 17, 2007, 05:45 PM
    He worked as an accountant in a corporate accounting dept.
    macksmom's Avatar
    macksmom Posts: 1,787, Reputation: 152
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    #7

    Nov 17, 2007, 06:31 PM
    As Scott said, as long as the baby is born before the 1st of January you can claim the child on your taxes for this year.

    My daughter was born on December 31st at 6:02am and I claimed her... no questions will be asked... it's simple really :)
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #8

    Nov 17, 2007, 06:36 PM
    Yes, so at 11 pm, remind her "push" "push" Of course there is normally some nice gifts in many hospitals for first baby of the year, one minute after midnight, so you may want to weight the options
    macksmom's Avatar
    macksmom Posts: 1,787, Reputation: 152
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    #9

    Nov 17, 2007, 06:42 PM
    Quote Originally Posted by Fr_Chuck
    Yes, so at 11 pm, remind her "push" "push" Of course there is normally some nice gifts in many hospitals for first baby of the year, one minute after midnight, so you may want to weight the options
    Yeah you don't know how many people asked me "oh you had her on New Year Eve, why didn't you wait and have her be the first baby of the year?"

    Obviously those people have never had children... you don't just "wait". LOL!
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #10

    Nov 18, 2007, 09:24 AM
    A corporate accountant is not a REAL accountant; they have regular hours! :-)
    s_cianci's Avatar
    s_cianci Posts: 5,472, Reputation: 760
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    #11

    Nov 18, 2007, 09:27 AM
    If the child is born on or before Dec. 31, 2007 then (s)he is a legal dependent and can be deducted from your 2007 taxes.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #12

    Nov 18, 2007, 06:29 PM
    Agreed!
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