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Random question - how does a tax refund work for having a child?

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Rycois
Blessed with 2blue/2pink

Member since 12/05

13341 total posts

Name:
J

Random question - how does a tax refund work for having a child?

Is there a standard amt you get back per child? Curious how that works?

Posted 11/17/08 4:27 PM
 
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08BabySurprise
My Life. My Everything.

Member since 10/07

9151 total posts

Name:

Re: Random question - how does a tax refund work for having a child?

Hey Jessee not sure this helps but I found it on the IRS site:

http://www.irs.gov/publications/p972/ar02.html#d0e179

Apparently it's up to $1000 per child but there are (of course) exceptions based on income and stuff like that.

Posted 11/17/08 5:06 PM
 

dani731
Blessed!!!

Member since 1/08

3355 total posts

Name:
D

Re: Random question - how does a tax refund work for having a child?

You should get the child tax credit which is $1000 per child plus you get 1 exemption per child.

The exact amount you willget is different for everyone depending on income & others things.....

Posted 11/17/08 5:31 PM
 
 

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