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Discussion Forum Index --> Basic Tax Questions --> 01/01/09 Baby
Discussion Forum Index --> Tax Questions --> 01/01/09 Baby
WIBadgerCPA (talk|edits) said:
| 5 February 2009
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| Not sure if I'm imagining this, but I seem to recall that a baby born on the first day of the year qualifies as a deduction/exemmption for the previous year? Anybody know if this is true?
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AEM CPA (talk|edits) said:
| 5 February 2009
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| What is true is that someone who was born on, for example, 1/1/89, is considered to be 19 for purposes of the 2008 1040. This is because he has completed 19 full years of life.
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Riley2 (talk|edits) said:
| 5 February 2009
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| Yes, but that same child will be treated as attaining age 65 on the day before his 65th birthday (for purposes of the standard deduction).
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Kevinh5 (talk|edits) said:
| 5 February 2009
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| I bet he can't wait to get to middle age - that 65 year old child
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AEM CPA (talk|edits) said:
| 5 February 2009
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| If there is a standard deduction (or a 1040) in 2053, that is.
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