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question about claiming baby on taxes
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04bride
I'm a big sister!!!
Member since 5/05 6707 total posts
Name:
Noel
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question about claiming baby on taxes
How does this work? Do you get more money back or is it not really abig difference? My friend said if you make over a certain amount there is no deductaion for the baby is this true?
Message edited 2/23/2007 3:57:53 PM.
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Posted 2/23/07 3:57 PM  |
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nrthshgrl
It goes fast. Pay attention.
Member since 7/05 57538 total posts
Name:
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Re: question about claiming baby on taxes
It wasn't a big difference in our case because of the AMT tax.
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| Posted 2/23/07 4:15 PM |
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jessbaby
My boys!
Member since 1/06 5292 total posts
Name:
Jessica
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Re: question about claiming baby on taxes
Ours was a big difference with him.
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| Posted 2/23/07 4:27 PM |
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-Lisa-
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Member since 5/05 6530 total posts
Name:
Lisa
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Re: question about claiming baby on taxes
there's a deduction for the baby (I think ~$3700), but depending on other factors, it may or may not make a difference for you.
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| Posted 2/23/07 5:10 PM |
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cutie
LIF Adult
Member since 2/06 1893 total posts
Name:
Janine
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Re: question about claiming baby on taxes
It also depends on if you have the baby in daycare - you will get credit if you do and both parents work full time.
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| Posted 2/24/07 2:40 PM |
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