$5,000 for a cute, last-minute tax deduction


Everyone knows their child is the best looking in the world. Admit it. You know yours is. I know mine is.

Now's the time to prove it, as long as your child is a baby who is born this month.

The second annual nationwide search by TurboTax for America's Cutest Last-Minute Tax Deduction is on, so hopefully you did your homework nine months ago. One baby born in December 2008 will win a $5,000 United States Savings bond worth up to $10,000 upon maturity, according to a company press release for Intuit Inc., the maker of TurboTax. That's the value at the bond's maturity, not the child's.