10 Things You Should Know about Taxes and Your New Baby - NMNB 33

How does having a baby change your tax year? When can you start claiming your new dependent? Can you claim the babysitter, nanny, grandma, or even the new $800 stroller? What receipts and records should you keep? Itemize or standard deduction and how much is the child tax credit? Plus, how not to have to pay a load of taxes at the end of the year. <!-- /* Font Definitions */ @font-face {font-family:"Times New Roman"; panose-1:0 2 2 6 3 5 4 5 2 3; mso-font-charset:0; mso-generic-font-family:auto; mso-font-pitch:variable; mso-font-signature:50331648 0 0 0 1 0;} /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-parent:""; margin:0in; margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:"Times New Roman";} table.MsoNormalTable {mso-style-parent:""; font-size:10.0pt; font-family:"Times New Roman";} @page Section1 {size:8.5in 11.0in; margin:1.0in 1.25in 1.0in 1.25in; mso-header-margin:.5in; mso-footer-margin:.5in; mso-paper-source:0;} div.Section1 {page:Section1;} --> CPA John Hart is this week's expert.