Well, for those that had advice when I posted about my little girls colic, thank you. Kaleigh Jeanne is now 6 months old and really developing
personality like no ones business, it is the most amazing thing to watch a child grow and develop. She has now officialy begun to sleep in her crib
and go all night without waking.................finally, I thought she was going to sleep with us for so long I would have had to move to the couch.
Now the question, for taxpaying parents, is there still a child tax credit? When you filed your taxes the first time after the birth of your child,
was there some kind of "bonus" so to speak, I have heard there is, and I have heard there isnt? which is it? any advice on how to go about this to get
as much of my money back from Uncle Sam as possible?clevohardcore - 1-11-2006 at 09:12 AM
AWSOME QUESTION. I would like to know this as well. I heard both ways as well. I heard you get a credit or bonus for having a child. The other was no
you just get to deduct 1,000 dollars off your income or something? Anyone know what happens in this case?defstarsteve - 1-11-2006 at 12:49 PM
earned income credit and child tax credit...
both are available depending on your incomeXHonusWagnerX - 1-11-2006 at 01:29 PM
Quote:
Originally posted by defstarsteve
earned income credit and child tax credit...
both are available depending on your income
i know here in Jersey i get $1,500 for claimin my son on my taxesclevohardcore - 1-11-2006 at 03:56 PM
Is it 1500 cash in a check that is written to you or is it 1500 off your income? So say you make $51,500. Do they let you file for $50,000 as your
income?Voodoobillyman - 1-11-2006 at 04:28 PM
Quote:
Originally posted by defstarsteve
earned income credit and child tax credit...
both are available depending on your income
I assume theres more to it for you based on having your own business.defstarsteve - 1-11-2006 at 05:10 PM
not really
that all depends on your business structure and how you file...
I have a 10 year old and getting an extra grand back for the last 10 years has been nice....
sometimes it pays to be poor...clevohardcore - 1-11-2006 at 06:46 PM
So you get 1,000 back in a check along with what you normally would get?defstarsteve - 1-11-2006 at 08:31 PM
