If your child was born alive during the year, and the exemption tests are met, you may take the full exemption. You may be entitled to a Child Tax Credit for him. Please refer to Publication 501, Exemptions, Standard Deduction and Filing Information. Please Refer to the Form 1040 Instructions for information about the Child Tax Credit.

References:

• Form 1040 Instructions
• Publication 501, Exemptions, Standard Deduction and Filing Information
• Tax Topic 354, Dependents

Source: www.irs.gov