exemption
Our Little Tax Deduction: What’s it really worth to have your baby in 2007?
by Kristin Harad, Owner, Coach and Mother, VitaVie Financial Planning, www.newparentfinances.com
If your child is due at the end of December, you have probably heard countless times, “Have the baby this year to get the tax deduction!”? What does it really mean to have a baby before the end of the year?
Well, if you have a child anytime within the calendar year of 2007 --- whether it is February 4th or December 31st, your tax return will be affected. Possible tax advantages include:
