Is there a way to determine how much money toward my refund is my child credit?or how much toward your refund is it to have a kid

kymhill64 — Thu, 06 Jun 2019 14:21:06 GMT

Your refund is not broken down by how much you "get" for...

xmasbaby0 — Thu, 06 Jun 2019 14:21:08 GMT

Your refund is not broken down by how much you "get" for each dependent. Each dependent gives you a personal exemption of $4050, which lowers the amount of your income that you are taxed on. It is not a refund.

There are several child-related credits you *may* get if you have a dependent child.

You might be getting the Child Tax Credit--that is not a refund--it lowers the tax you owe, up to $1000 per child, but if you do not owe tax then you may not get the full amount of CTC. In some cases, you could qualify for the "Additional Child Tax Credit" which is a refundable credit, and would increase your refund. If you qualify for this credit, TurboTax calculates and automatically adds it to your refund.

You might be able to claim the child and dependent care credit if you paid someone to take care of your child so you could work. This is not a refundable credit, so it will not be in your refund. It can lower your taxable income.

You might qualify for Earned Income Credit, which is a refundable credit if you worked and earned income. The EIC is based on the amount you earned. If you do qualify for EIC, TurboTax automatically calculates the amount and adds it to your refund.

Look at your tax return to see the child-related /dependent credits you received:

Child Tax Credit 1040A line 35 1040 line 49

Additional Child Tax Credit 1040A line 43 1040 line 67

Child & Dependent Care Credit 1040A line 31 1040 line 49

Earned Income Credit 1040A line 42a 1040 line 66a

The children you listed as your dependents will appear on line 6c

It would take a little effort but you could figure out ho...

Hal_Al — Thu, 06 Jun 2019 14:21:08 GMT

It would take a little effort but you could figure out how much tax benefit one kid gets you.
You get:
$4050 x your marginal tax bracket rate
Up to $1000 Child Tax credit (see lines on tax forms referenced above)
EIC from this table (<a rel="nofollow" target="_blank" href="https://apps.irs.gov/app/vita/content/globalmedia/earned_income_credit_table_1040i.pdf">https://apps.irs.gov/app/vita/content/globalmedia/earned_income_credit_table_1040i.pdf</a>) less the amount on the table for one less kid

topic Is there a way to determine how much money toward my refund is my child credit?or how much toward your refund is it to have a kid in Deductions & credits

Is there a way to determine how much money toward my refund is my child credit?or how much toward your refund is it to have a kid

Your refund is not broken down by how much you "get" for...

It would take a little effort but you could figure out ho...