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Having child later in the year - tax credit

Forum|Forum|4 years ago
July 21, 2021
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I’m going to have another child around October, and I’m fine not getting the monthly payments for this one, but will I get the full tax credit for a young child when tax season comes, or because they will be born later in the year, will they only get a portion? Also, is it known if the automatic payments are only through December, or if they plan to continue them next year?

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Best answer by Critter-3

Yes.

See IRS 501 page 12

https://www.irs.gov/pub/irs-pdf/p501.pdf

Death or birth of child. A child who was born or died during the year is treated as having lived with you more than half the year if your home was the child's home more than half the time he or she was alive during the year. The same is true if the child lived with you more than half the year except for any required hospital stay fol- lowing birth.

READ this screen in the dependent section next year ... it tells you exactly what to choose ...

AND this screen ... it asks if the CHILD paid their own support not YOU ...

VolvoGirl

Employee

You will get the full amount when you file your 2021 return next year. A child born (even on Dec 31) is counted for the WHOLE year. So when you enter the Oct baby be sure to say he lived with you the WHOLE YEAR.

A

AnnAnder25Author

Okay, so it’s okay to say they lived with me the whole year even if they didn’t really?

M

Mike9241

it's ok and actually necessary to get the proper credits. think of it as if the question was asking did the child live with you during the year for the entire time it was alive.