2007-02-01 04:18:20 · 6 answers · asked by Kim B 2 in Business & Finance ➔ Taxes ➔ Other - Taxes
Yes you owe no taxes as your standard deduction and personal exemptions are more than 15K. To calculate your EITC, there is calculator at IRS site, http://apps.irs.gov/app/eitc2006/ShowCalcTips.do Check this out.
2007-02-01 04:36:37 · answer #1 · answered by onlinetaxsiteswatch 2 · 0⤊ 0⤋
no it doesn't work that way, it is based in your earned income and having another child in the household increases the amount but certainly not be $1000 you are probably referring to the child tax credit of $1000 for each child in the household under 17 that is a credit to reduce your income tax, it is not a refund at this point anything of that child tax credit not absorbed in reducing the income tax liability is then an additional child credit and will depend on how much was used to reduce the income tax
2016-05-24 02:03:46 · answer #2 · answered by Anonymous · 0⤊ 0⤋
yes and u will get a big ol check with 3 eic's on your tax return !!! good luck : )
2007-02-01 09:01:16 · answer #3 · answered by Anonymous · 0⤊ 0⤋
yes and you should get a good refund. you can use a tax caculator www.handrblock.com
2007-02-01 04:22:36 · answer #4 · answered by pooh 6 · 0⤊ 0⤋
yes. should have a nice chuck of change coming.
2007-02-01 04:44:40 · answer #5 · answered by David B 6 · 0⤊ 0⤋
yes big time
2007-02-01 04:25:26 · answer #6 · answered by Anonymous · 0⤊ 0⤋