2007-01-17 04:28:21 · 7 answers · asked by glitter girl 1 in Business & Finance ➔ Taxes ➔ United States
You can go to the irs website and do a quick calculation.
Look at the Free File link.
You haven't given us enough information. There are requirements for being able to claim a child, so if you've met those requirements and you're also Head of Household, you get more back than if you're just single. How much depends on how much tax you owe and how much you already paid.
2007-01-17 04:37:29 · answer #1 · answered by hawkthree 6 · 0⤊ 0⤋
If claiming this child changes your filing status from Single to Head of Household, this change will reduce your taxable income by $5700. If you are in the 10% tax bracket, your tax will be reduced by $570.
In addition, you can receive up to $1000 for Additional/Child Tax Credit. And depending on the amount of your actual income, you can also qualify for more Earned Income Credit.
You can use this online calculator to help you get an good estimate, http://www.hrblock.com/taxes/tax_calculators/index.html?calcIndx=1#top
Best wishes.
2007-01-17 04:59:20 · answer #2 · answered by JQT 6 · 0⤊ 0⤋
any where from 0 - $2000.
$1000 child tax credit,
EIC - $?,
extra dependent deduction of $3300 in 10% bracket = $330?
you most likely will zero out your tax liability and get back what was withehld federally
2007-01-17 04:54:40 · answer #3 · answered by (_)iiiiD 4 · 0⤊ 0⤋
Not enough information. What is your income? What is your filing status? Does the child live with you, and if so, how long did they live with you in 2006? How much withholding did you have?
If you are wanting to know the exemption amount for dependents, it is $3,300
2007-01-17 04:37:35 · answer #4 · answered by Fool in the Rain 6 · 0⤊ 0⤋
how much money will i get back claiming 1 child income was 5.900.00
2007-01-20 02:33:16 · answer #5 · answered by sjs326104 1 · 0⤊ 0⤋
That depends upon your marginal tax rate. It also depends upon whether or not you qualify for the EITC and child tax credits.
2007-01-17 04:37:37 · answer #6 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Not enough info. WIthout knowing how much you made last year and how much was withheld from your pay there is no way to tell. I suggest you visit the IRS website for more info
2007-01-17 04:34:10 · answer #7 · answered by Anonymous · 0⤊ 0⤋