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

    Jan 28, 2008, 04:55 PM
    Per Child Taxes
    How much do you get back in taxes per child?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
    		  
    #2

    Jan 28, 2008, 04:59 PM
    You do not get back a certain amount "per child" you do get deductions to use against your income for each dependent you have, This may lower the amount of tax you owe or allow you a refund of the tax you have already paid in.
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #3

    Jan 29, 2008, 10:23 PM
    1. Extra deduction of $3,400 per child
    2. Increased Earned Income Credit if income is up to a limit.
    3. $1,000 for each child as child tax credit. This credit will reduce your taxes.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #4

    Jan 30, 2008, 01:10 PM
    Well stated, MukatA.
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