The Federal Tax Credits Blog

Posts Tagged ‘tax credit per child’

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.

child tax credit Amount Calculator 2009, 2010