First of all, congrats on your new baby! As a new parent the addition of a new baby is a time of joy. Something that can help with the expenses of being a new parent are the credits that come with having a child. If this is your only child, parents can get refundable tax credits worth up to $5,200. Depending on your earned income (your money made from work), you could be receiving $3,700 in Earned Income Credit and another $1,500 in Child Tax Credit. To get a better estimate of what you might receive, check out our Refund Estimator here
