Voodoobillyman
The Artist Formerly Known As...
Posts: 4247
Registered: 8-12-2005
Location: Eastern Seaboard of the United States
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Mood: my daughters beautiful curiousity
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Parental update and question
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?
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clevohardcore
* Kick\'n ass on the wild side *
Posts: 12937
Registered: 9-19-2004
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Mood: Sick Of It All, Youth Of Today
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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?
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defstarsteve
Posting Freak
Posts: 3505
Registered: 11-19-2003
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earned income credit and child tax credit...
both are available depending on your income
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XHonusWagnerX
Moderator
Posts: 12509
Registered: 7-14-2005
Location: pawtucket
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Mood: hadDCore
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| Quote: | Originally posted by defstarsteve
earned income credit and child tax credit...
both are available depending on your income |
these might help
EARNED INCOME TAX INFO
CHILD TAX CREDIT INFO
| Quote: | Originally posted by REV.PAULIE
HONUS-as much as i can't stand a great deal of what you really like (for my own reasons that i would never hold,nor impose,against you),YOU FUCKING
RULE!
YOU,HONUS,IS WHAT MAKES THE "EDGE" COOL.
YOUR FRIEND,
PAULIE |
check out my post contributions at www.VinylNoize.com
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WINTHESKIN
Member
Posts: 341
Registered: 10-22-2005
Location: Vineland,New Jersey
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i know here in Jersey i get $1,500 for claimin my son on my taxes
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clevohardcore
* Kick\'n ass on the wild side *
Posts: 12937
Registered: 9-19-2004
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Mood: Sick Of It All, Youth Of Today
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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?
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Voodoobillyman
The Artist Formerly Known As...
Posts: 4247
Registered: 8-12-2005
Location: Eastern Seaboard of the United States
Member Is Offline
Mood: my daughters beautiful curiousity
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| 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.
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defstarsteve
Posting Freak
Posts: 3505
Registered: 11-19-2003
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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...
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clevohardcore
* Kick\'n ass on the wild side *
Posts: 12937
Registered: 9-19-2004
Member Is Offline
Mood: Sick Of It All, Youth Of Today
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So you get 1,000 back in a check along with what you normally would get?
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defstarsteve
Posting Freak
Posts: 3505
Registered: 11-19-2003
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totally depends on your situation
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