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    mamaof2007's Avatar
    mamaof2007 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    May 25, 2008, 10:32 AM
    Newborn baby income taxes
    I just had a baby September 8,2007 and I just did my income taxes and I put her as a dependent how much would I get back for her
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #2

    May 25, 2008, 10:47 AM
    1. You get $3,400 exemption deduction. This reduces your taxable income.
    2. Your earned income credit increases.
    3. You will get $1000 as child tax credit. This reduces your tax on your total income.
    4. You will get $300 more as stimulus rebate.
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