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    how much money do you get back on taxes for having a baby

    0  Views: 670 Answers: 2 Posted: 12 years ago

    2 Answers

    A tiny amount as compared to the cost of having and raising a child.

    The child tax CREDIT ( it is NOT an adjustmnet of you gross income) can knock $1,000 off your tax bill.


    However fhe credit starts to phase out when your modified adjusted gross income exceeds $110,000 if you are married, $55,000 if you are filing separately and $75,000 if you are single, a head of household or a qualifying widow or widower.


    You can claim the credit for any number of qualifying children, but the total credit amount generally can't exceed your tax liability.


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