How much do I get back for claiming my child?
Are you asking how much of a refund you will get if you claim a child as a dependent? If you had income earned from working you MIGHT be eligible to receive the earned income credit and/or Additional Child Tax credit, which increase your refund. You would also get a personal exemption of $4050 for a child, which lowers your taxable income--but is NOT a refund. You could also get the Child Tax Credit--which lowers your taxable income but is NOT a refund. The EIC is based on how much you earned, so TT calculates it for you. You may also be able to claim the Child and Dependent Care Credit if you paid someone to care of your child so that you could work. There is not a "set amount" that you get as a refund when you claim a child.
You do not receive a refund just because you had a dependent. You must be able to show that you had income earned from working in order to be eligible for a tax refund.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
