How do i know how much im getting for my child on my taxes?

shalinda0120 — Tue, 04 Jun 2019 20:56:19 GMT

Due to the fact that this is a public forum, you cannot g...

Phillip1 — Tue, 04 Jun 2019 20:56:20 GMT

Due to the fact that this is a public forum, you cannot give me enough information to answer that question. I can tell you how much certain tax benefits provide.

The exemption is 4,050 dollars per child. This is a deduction from your taxable income so somewhere usually between 10-25% of each exemption is the actual dollars saved. For example, in the 10% bracket each exemption saves you 405 dollars.
The child tax credit is 1,000 dollars for each child under 17. This is a credit meaning it is a dollar for dollar tax benefit. The credit is worth 1,000 dollars per qualifying child
The child care benefit is based on your expenses and a percentage based on your income. Form 2441 will give you the specifics about the credit if it applies to you.
The earned income credit is generally based on the number of children that you have and your income level. If you have one child, the credit is a maximum of 3,373 dollars, two children - 5,572 dollars, and three or more children - 6,269 dollars.

topic How do i know how much im getting for my child on my taxes? in Deductions & credits

How do i know how much im getting for my child on my taxes?

Due to the fact that this is a public forum, you cannot g...