Q:

Is claiming an unborn child on taxes possible?

A:

Quick Answer

According to TurboTax, in order to claim a child on a tax return, a Social Security number must be provided. Social Security cards cannot be applied for until a baby is born. Failing to file the number on the tax return results in a fine and investigation.

 Know More

Full Answer

TurboTax shares that prior to the government requiring Social Security numbers for dependents, the number of dependents claimed were seven million higher than after the law was put into affect. As long as a baby is born during the calendar year for which a person is filing, the child can be claimed as a dependent.

Learn more about Income Tax

Related Questions

  • Q:

    What is the minimum income requirement to file taxes?

    A:

    The minimum income requirement for filing a tax return is the standard deduction for that year plus the deduction for one dependent. Because the exact amount for these deductions changes each year, so does the minimum income requirement.

    Full Answer >
    Filed Under:
  • Q:

    What information is required to check the staus of a federal tax refund?

    A:

    In order to check the status of your federal refund on the Internal Revenue Service website, taxpayers need a Social Security number, the filing status that was stated on the return and the exact amount of the refund, according to the IRS. The website will show the status of returns starting 24 hours after they have been received electronically and 4 weeks after a paper copy is received in the mail.

    Full Answer >
    Filed Under:
  • Q:

    Is it better to claim 1 or 0 on your taxes?

    A:

    Regardless of if a person claims 1 or 0 on their W-4 tax form, they will still pay the same amount in taxes at the end of the year, but if the person claims 0 then he or she will have more money taken out of each paycheck and possibly have a larger tax refund, and if they claim 1 then they will have less money taken out of each paycheck but a lower or possibly no tax refund. It is most often up to personal preference whether a person wants more taken out of each paycheck and a return at the end of the year, or more to live on each month but a smaller or potentially zero refund at the end of the year.

    Full Answer >
    Filed Under:
  • Q:

    Who is not required to file a tax return?

    A:

    Single filers under the age of 65 with gross incomes less than $10,150 for the 2014 calendar year are not required to file a tax return. Individuals 65 years of age or older that earned less than $11,700 need not file a return, according to about.com tax experts.

    Full Answer >
    Filed Under:

Explore