I have a child that was born in Oct. Im head of household and they kept 1,900 in Fed from me. I live in NH. I only got back a little over 1,000. Other parents I know get like 3,00 for one kid. Is it because he was born in Oct? (i dont need no wise comments, i just want to know if theres a 6 month rule with children and taxes) Thanks!!!!
2007-01-14 06:33:59 · 7 answers · asked by BOOTS! 6 in Business & Finance ➔ Taxes ➔ United States
I would suggest going to H & R Block and asking them what it means, or if you had someone other then yourself do your taxes, I would ask them to see if they know what it means. H & R Block employees are really helpful with tax questions.
2007-01-14 06:43:15 · answer #1 · answered by Anonymous · 0⤊ 0⤋
It doesn't have anything to do with when during the year the baby was born - you get credit for the entire year even if the baby is born on the last day of the year.
What someone gets back depends on what they have withheld. Also, if you're eligible for the earned income credit, then that varies a lot depending on your income.
If your income is less than around $40,000, you might see if you can find a VITA or TCE site in your area - they'll check over your calculations for you, or do your taxes, at no charge. See irs.gov for more info on the program.
2007-01-14 15:04:29 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
Child tax credit, Earned income Credit. Confirm that these credits were applied. Head of household status is correct amount? Child is listed on the return? Dependants is correct?
You will have your child as a credit for entire year, regardless of how old as long as they were born before January 1.
2007-01-14 14:45:21 · answer #3 · answered by paradise 4 · 0⤊ 0⤋
I've been led to believe that even if your child was born on December 31, he or she counts as a tax deduction--and for earned-income credit--for the head of household.
Of course, they change some rule or other every year, and I have not seen any recent tax forms.
2007-01-14 14:39:19 · answer #4 · answered by Holiday Magic 7 · 0⤊ 0⤋
The reason other parents are getting those huge refunds is probably because they qualify for the Earned Income Credit (EIC) If you make too much money then you wouldn't qualify. Chances are you didn't claim that credit when y ou filed your taxes which is why you were looking at such a small refund.
2007-01-14 15:05:03 · answer #5 · answered by Anonymous · 1⤊ 0⤋
The child counts for the whole year as long as they are born by Dec .31.
2007-01-14 14:38:02 · answer #6 · answered by John G 4 · 0⤊ 0⤋
make sure u take ur "child tax credit" on ur form..if u r doing this yourself or online...u can miss some deductions...if u can afford it H & R block is not that expensive and they will help u get all the credit u can..good luck
2007-01-14 14:39:01 · answer #7 · answered by Suzy 5 · 0⤊ 0⤋