i have two under age children and im trying to find out how much i should receive on them one is 5 and one is 7
2007-02-01 20:11:30 · 4 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
you get a dependent deduction of $3,300 per child. this is a deduction that reduces your income.
child tax credit is $1,000 per child. if you have daycare expenses, you can also get a childcare credit of up to $600. these tax credits offset any tax you owe.
2007-02-01 23:17:12 · answer #1 · answered by tma 6 · 1⤊ 0⤋
I don't think that its the same per state... In CA we get back $1000 per child under the age of 17.
2007-02-02 04:22:34 · answer #2 · answered by babydragonspawn 3 · 0⤊ 2⤋
I believe the current credit is $3500 per child.
2007-02-02 04:20:12 · answer #3 · answered by Michael 2 · 0⤊ 2⤋
about $2.00 each
2007-02-02 16:48:47 · answer #4 · answered by whymewhynow 5 · 0⤊ 0⤋