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How much do we get back per dependent in 2010?

I just caught wind that we will get $3000 for 1 dependent, $5000 for 2, and $6000 for 3 and more. Was this just a rumor or is this true????

Answer Question
 
Lovechild82

Asked by Lovechild82 at 4:01 PM on Jan. 15, 2010 in Money & Work

Level 1 (0 Credits)
Answers (3)
  • You can claim $3650 exemption for each dependent. You can get a max of $1000 credit (return) per child in the Child Tax Credit. EIC will depend on your income.
    michiganmom116

    Answer by michiganmom116 at 4:33 PM on Jan. 15, 2010

  • You don't get money back, you get a reduction in your taxable income, which will lower your tax liability.
    rkoloms

    Answer by rkoloms at 8:10 PM on Jan. 15, 2010

  • I was wondering about this same thing. I hadn't heard that but I was wondering how many kids would qualify for the child tax credit.
    Anonymous

    Answer by Anonymous at 12:43 AM on Jan. 16, 2010

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