is there a set amount u receive for each dependent when claiming them on federal taxes?

Question

2 those who think that they r comedians go to a comic club. the reason i asked is because we just had ours done professionally and didn't get back what we thought we would.

Answer 1

You are allowed to reduce your taxable income by $3,300 for each dependent. You may also be eligible for up to $1,000 for each qualifying child under the Child Tax Credit - a tax credit is credit against any amount you owe, or if you don't owe anything, may be refunded to you.

Answer 2

Claiming yourself, spouse, children is $3,300 X's each exemption. Your exemptions are added up on lines 6a, b, and c.
The Child Tax Credit is $1000 per child. But it only reduces any tax. If there is no tax to reduce, you don't get the credit.
You may qualify for the Additional Child Tax Credit and the EIC, which increases your chance for a good refund.

Answer 3

Yes, if you use the tax table you will get a certain amount like $1600 per dependent (I think that is what it was last year, I've checked this year's yet). It is on the back page of your 1040.

Answer 4

Yes look at a form 1040

Answer 5

yes there is try using turbo tax it walks you through it. or go to links on www.comingbackstrong.com use some of the tax services there

Answer 6

yes there is a standard deduction allowed for each dependent you claim

Answer 7

All that current info and more is available from the guys who run the biz

http://www.irs.gov/

Answer 8

No, it goes by weight. What do you think, of course there is a set amount.