Can Jack and Ryan claim their newborn child as a dependent when the baby receives a social security number just before filing their tax return?

Jack and Ryan can claim their newborn child as a dependent because the child received a Social Security number just before filing their tax return. The IRS requires that a child must have a valid Social Security number to be claimed as a dependent. Since the baby has obtained this important identification number, Jack and Ryan meet this requirement.

Additionally, the timing of the birth does not affect their ability to claim the child as a dependent for the tax year in which they give birth, as long as the Social Security number is issued before the return is filed. They do not need to have incurred any specific expenses related to the child in order to claim the dependent as part of their tax return.