how much income tax can I expec to get back if I have a 6 month old baby, who I do not claim as exemption?

Question

No one else is claiming my child. I make about 2188 a month, but after taxes it is 1542.

Answer 1

It depends upon your salary and how much taxes were taken out during the year.

Answer 2

I assume you are saying that you aren't taking an allowance for the baby on your W-4, but will claim the baby when you file your tax return. You don't give quite enough info to give you an answer, but you'd pay about $500 less taxes because of the baby's exemption, plus the $1000 child tax credit, plus around $900 for earned income credit, so your refund would have somewhere around $2400 extra due to claimng the baby.

Answer 3

A lot. The baby is another personal exemption, which gets $3,000 removed from your AGI, plus a refundable $500 credit,
plus possibly the earned income tax credit, if you don't make very much money.

If you needed to pay for child care so that you could work, those costs are usually deductable.

Answer 4

Nothing for the child if you do not claim it.

As far as how much of a refund you get, it depends upon your tax liability and how much is withheld. If too much is withheld, you get a refund. If not enough is withheld, you pay.

Personally I hate getting refunds as it means that I gave the government an interest-free loan. That's not smart, IMHO.

Answer 5

You don't give enough information. How much do you make? Does the child live with you? Who is claiming the child? Do you have any investments?

Answer 6

Really depends on how much you make in a year and how much they take out... but if you work full time make anything from 35-40 k a year you could be looking at about 4000.00 if you live in California where we pay about 30 % out of our checks....

Answer 7

Now, why wouldn't you claim your baby as an exemption?

Answer 8

500 more