Dec 25, 2006, 05:47 PM
I was wondering how much would you get back per child for income taxes?
Dec 28, 2006, 04:02 PM
The child's personal exemption is a $3,300 deduction. How much that translate in saved taxes depends on your tax bracket, which is driven by total income.
You can also get up to $1,000 per child under the Child Tax Credit, assuming the child did not turn 17 in 2006.