A new baby will change your life, and your finances, in profound ways. That bundle of joy provides more than just sleepless nights and endless love — your son or daughter also entitles you to some pretty valuable tax breaks.
As you adjust to life with a baby, studying the tax code to find new deductions is probably not at the top of your to-do list. Fortunately, we’ve made that easy for new parents by putting together this helpful list. When you fill out your 1040, don’t forget to take any of the deductions below if you qualify for them.