How much do pople get on tax return when they claim a child....does everyone get the same amount?

Answer 1

The benefit of the child tax credit, a tax credit of $1,000, is the same for almost everyone. Once you earn a certain amount of money, the credit begins to be phased out.

The benefit of the dependent exemption is a reduction in your income subject to tax of $3,300. The actual reduction in tax depends on your tax bracket. Also, once your income exceeds a certain amount, the exemptions are phased out as well.

Answer 2

In the US, there is a child tax credit good for $1,000 dollars. I don't know if this is refundable or not. A child must be 17 on 31 Dec 2006.

Answer 3

This year there is the add'l child tax credit worth 2000 for lower income families, but each family gets a completely different amount. It varies from state to state and paycheck to paycheck.

Answer 4

yes for each child yes...Maybe will look like you don't get the same like another person that have the same amount of kids all have to do on the income of the person...Like one year I will have one amount and the the next year not all depends how much I make...And for my kids will be the same...Some times I have to pay because I make way too much so I don't even get the childs one because it doesn't apply all have to do with the amount that person make....

Answer 5

Additionally, those with lower incomes can qualify for Earned Income Credit based on how much they made and the number of kids they have.