Last year we got some nice deductions for having two kids! This year for various reasons, it didn't work out that way... I felt cheated haha!
Did you get to deduct your kid from your taxes this year?
Last year we got some nice deductions for having two kids! This year for various reasons, it didn't work out that way... I felt cheated haha!
Did you get to deduct your kid from your taxes this year?
coconut / 8498 posts
Yes! I told DH we should have gotten pregnant already so we can get some next year too.
blogger / coconut / 8306 posts
@mrbee: I had no idea that deducing your children was an option! I thought you had kids & got to deduct them, period!
To answer your question, yes, we got the child tax credit.
hostess / wonderful persimmon / 25556 posts
I know we added her to our taxes and our tax refund was higher this year than last (she was our only change) so I'm guessing so. We don't get the child tax credit though because we make too much. I have no idea how it all works out, my husband does our taxes, I just keep track of our donations.
blogger / coconut / 8306 posts
@mrbee: interesting! I didn't realize there was an income bracket for the credit.
grapefruit / 4800 posts
@mrbee: We got the credit and we barely make anything. I think it was called the additional child tax credit or something slightly different but we still got it counted and it helped our refund.
cherry / 248 posts
We had number 3 in October and thought it would help with tax deductions but alas not. We did not get the full tax credit. Living in NJ the cost of living is so high so though we have a good income it just never seems like enough.
pear / 1599 posts
We squeezed in just by a hair with LO being born 12-31-12 So we got a bit of a bump in the return.
honeydew / 7091 posts
No, stubborn girl was 15 days too late to qualify! I guess I didn't want a Dec 31st baby anyway...
GOLD / squash / 13576 posts
We aren't eligible for the child tax credit or any credit for that matter. However, having LO did throw us into AMT. So, no benefit really for having LO.
GOLD / wonderful olive / 19030 posts
Yes, it was a nice little addition to help us get a refund.
clementine / 959 posts
@littlek: same here! DH is so upset about AMT! We owed so much this year.
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