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    mercedes120's Avatar
    mercedes120 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jul 27, 2009, 06:01 PM
    Childern an taxes
    How much do you get for each child on your taxes?
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
    Uber Member
    		  
    #2

    Jul 27, 2009, 06:03 PM

    What do you mean? The exemption? Child care?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #3

    Jul 27, 2009, 08:16 PM

    You don't "GET" anything, you are allowed to deduct certain amounts from your income for each dependent you have.
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #4

    Jul 27, 2009, 11:52 PM

    You get one extra exemption deduction for each child.
    Your EIC may increase.
    You will get child tax credit or additional child tax credit for each eligible child.
    jenniepepsi's Avatar
    jenniepepsi Posts: 4,042, Reputation: 533
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    #5

    Jul 27, 2009, 11:56 PM

    If my memory serves me correctly, my daughter was 2500, and it could go as high as 4000 for a child, and as low as 1500 (please don't quote me on that, I am going off memory from my filing back in February lol)

    But chuck and mukatA are right, its not that you GET that money, it's that it is applied as a credit to your taxes, and you end up with a return for it.
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