The Federal Tax Credits Blog

Posts Tagged ‘tax credit per child 2009’

Question: 2008 Tax Rebate?

I understand that the $1200 (married filing jointly) I will get as a rebate for 2008 is esentially an elimination of the 10% tax bracket. But what about the $300 per child? Is that an “advance” on the child tax credit? When I file my taxes in 2009 for TY2008 will my child tax crdeit be reduced by $900 (3 kids)?
My question primarily has to do with the $300 per child. Where does that money come from? Is it an advance on your 2008 child tax credit? If so will my 2008 child tax credit be reduced when I file my 2008 taxes?

Answer: Yes, it is an advance on next year’s taxes.

While the rebate depends on your 2007 income, it is actually a rebate toward your 2008 taxes. According to the proposed plan, in 2008, taxes would be cut from 10 percent to zero percent on the first $6,000 dollars of taxable income for individual taxpayers.

It’s like a one time tax cut for 2008, but you get the rebate now instead of waiting to file your 2008 taxes. Because this is an advance payment on your 2008 taxes, your refund next year could be more (or less!) depending on your 2008 income.

Mason County Man Pleads Guilty to Being a Felon with a Firearm

A Mason County man pled guilty on Monday in federal court to being a felon in possession of a firearm.

Tax Credit for Active Kids : Family Tax Preparation Services Canada

Question: Does anyone know how much the Earned Income Credit will be per child for this tax season?

What additonal info is needed to help me find out? I am raisng 4 kids altogther(adopting 2) I plan to file jointly with my husband, our current combined net income per year is approx 45,000
(my kids qualify for medicad) we do have student loans and childcare that we could claim, but it has never made a difference on our return and the business that prepares our taxes every year says that it’s not neccessary and it only adds to cost of prep.

Answer: Tax Year 2007 maximum credit:

$4,716 with two or more qualifying children;
$2,853 with one qualifying child;
$428 with no qualifying children.

child tax credits to be slashed for anyone earning over £25,000

The Deputy Prime Minister insisted it was not ‘unreasonable’ to limit the handouts – which are worth up to £545 a year – to better off families.

The Family First Act: The Economic Effects of a $500 Per-Child Expanded Tax Credit Congressional hearing held on April 6, 1995. Testomony by Gary Bauer and other experts….

The Family First Act: The economic effects of a $500 per-child expanded tax credit : hearing before the Joint Economic Committee, Congress of the United … first session, April 6, 1995 (S. hrg) …

child tax credit Amount Calculator 2009, 2010