Did you have a child this year?.. You may be able to qualify for child tax credit and reduce your tax liability.

Did you have a child this year? You may be able to qualify for child tax credit and reduce your tax liability up to $1,000 per qualifying child. A qualifying child is someone who meets the following:
1. Was under the age of 17 by 12/31/08
2. The child is your son, daughter, step child, adopted child, eligible foster child, brother, sister or a descendant of any of these individuals
3. The child did not provide over 50% of their own support
4. Lived with you for more than 50% of 2008.
5. Is a US citizen, US national or a US resident
There are exceptions to the general rule and the credit amounts are phased-out after certain income levels.