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    KOUNTRYCHIC28's Avatar
    KOUNTRYCHIC28 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Feb 3, 2008, 04:39 PM
    Tax refund
    How much money will i get back on 2 kids age 5:confused:
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
    		  
    #2

    Feb 3, 2008, 04:48 PM
    There is no "amount of money" you get back on any number of kids.
    Each child that is allowed as a dependent will give you a deduction off the amount of tax you owe and if you over paid that tax during the year, yes you may get back money, but without knowing income, all the dependents how much was taken out for taxes over the year and more,
    There is not even a quess that you can make.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #3

    Feb 4, 2008, 01:11 PM
    Agreed; we need to know your total family income.
    JBeaucaire's Avatar
    JBeaucaire Posts: 5,426, Reputation: 997
    Software Expert
    		  
    #4

    Feb 4, 2008, 03:50 PM
    Dependents of any age simply affect the amount of tax you "might" pay, basically reduces it. But every household is affected differently based on the stuff we don't know from your message: income, taxes already withheld, other deductions (if any), tax bracket, state, weather reports, whims of Gondor... you get the idea.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #5

    Feb 6, 2008, 01:28 PM
    Noted with amusement!
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