It looks like our biggest event of the year turned out to create a positive cash flow in our household rather than a drain as would be expected. I'll break down the financials below:
Birth of Baby Insurance costs ~$800
Diapers and other supplies ~ 20
Child Tax Credit $1000
Proposed Tax Refund $300
The income part assumes I really understand all the tax implications of having a child!
Total Net Gain:
One new baby + $480