News 12 at 6 o' clock/ Thursday, Jan. 2, 2014
AIKEN, S.C. (WRDW) -- A lot of expectant parents hope their baby is the first one born on New Year's Day. Many hospitals offer prizes and gift baskets for the lucky parents, but other families are celebrating a different kind of prize for having their little ones early.
Parents of babies born before the new year get to cash in on tax incentives for their little New Year's Eve bundles of joy.
Langston Reynolds, born on Dec. 31, 2013, is the new apple of his mother's eye.
"His due date was January the 6th, and because I have gestational diabetes, I had a scheduled C section for Dec. 31," his mother, Renee Reynolds said.
But, it took more than one stork to deliver her bundle of joy. He came into the world at 10 pounds 14 ounces.
His big sister, Anniston, just a little over a year old herself, is thrilled with the new addition, but family and friends were hoping for a New Year's Day baby.
"My mom for one, just kept over and over saying, 'Maybe you can hold off and have the first baby of the new year, how exciting!'" she explained.
But, she and her husband had a different plan in mind. They told friends and family they would rather have a tax credit than the first baby of the new year. So, they scheduled her C-section for New Year's Eve.
The Reynolds run Head of the Giant Ministry in Augusta, a non profit shelter for the homeless. Their only real income is Renee's teacher salary, so they are looking forward to the extra tax deduction Langston will provide for 2013.
"Anything we can get extra as far as a tax credit goes will be a gift, because we need to catch up on some things, and it'll definitely be a blessing," said Renee.
Exemptions and tax credits for children vary due to income, but the average family saves close to $2,000 per child on their taxes.