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Stacey1403
Where it all began....
Member since 5/05 24065 total posts
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Child Tax Credit?
My DH got a new job and on his W-4 they have the child tax credit. Is this separate from dependents? So if he decides to claim 0, he can still put in 2 for the child tax credit right?  TIA
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Posted 3/13/07 10:10 AM  |
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nrthshgrl
It goes fast. Pay attention.
Member since 7/05 57538 total posts
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Re: Child Tax Credit?
DH & I both claim "0" dependents but have a tax deduction for 2 children.
I may not understand the question.
The W-4 is to determine how much his job should withhold from his check. Depending on the number of dependents, you will either owe or get a refund when you file for taxes.
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| Posted 3/13/07 10:13 AM |
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Stacey1403
Where it all began....
Member since 5/05 24065 total posts
Name:
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Re: Child Tax Credit?
So he doesn't need to inform his employer of the tax credit thing just how many dependents he is claiming right?
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| Posted 3/13/07 10:16 AM |
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MarathonKnitter
HAPPY
Member since 2/07 17374 total posts
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Re: Child Tax Credit?
it sounds to me as though he's getting the credit throughout the year instead of on his taxes.
be careful, you might not be able to claim that credit at tax time
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| Posted 3/13/07 10:33 AM |
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