Taxes and Tax Preparation
Income Taxes

Do you get more money for a younger child when claiming taxs?


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2010-02-09 15:08:46
2010-02-09 15:08:46

When you claim a child that is under 17 maybe. You may qualify for the Child Tax Credit or the Additional Child Tax credit. Also if you pay for child care you may qualify for The Child and Dependant Care Credit.

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we can adopt our friends child by money more and more money.

Older mothers have more problems with their body's than younger one's do, therefore it makes them more vulnerable to having a child with DS than a younger mother with a healthier body haveing a child with DS.

Generally, with the majority or emancipation of the younger/youngest child.

Usually yes because they learn how to handle money at a younger age.

The child must have lived with the taxpayer for more than three years.

If you pay more than half their living expenses, you get to claim them. This is especially true if you can prove that he is not paying child support.

i believe that if your family has enough money for their child the child can get money to start off with

A younger child would be more appreciative of a Nintendo Wii for Christmas. That is, if one is referring to today's society. Fifty years ago, a younger child would be very appreciative of a board game for Christmas. Younger children in families want to be included in his/her older siblings happenings. Therefore, anything that would promote quality time between the younger and older children would be appreciated.

The younger the child, the sooner you should seek medical assistance. 24 hours should have seen a child at the doctors 12 hours ago.....

If you have more refund or credits available to you, and a "qualifying" child to claim...yes, of course.

favor the younger child? the question asked is biased. i assume it was an older child who asked this. let me start by saying, THE YOUNGER CHILD IS NO FAVORED! That being said, a younger child does generally need more attention simply because the older child is, well, older. therefore the older child is usually more self reliant. As far as the parents thinking the younger child is "innocent", i would have to say is a case by case thing. I'm sure there are some naive parents who believe there youngest can do no wrong. It is important to know that all parents like that are doing nothing but crippling that child. My advise to the older children is; STOP WHINING! nobody's parents are perfect, the fact that your parents are around and love you is better then a lot of children have it.

For claiming that Anne Boleyn's child was not a legitimate heir to the English throne

That issue is affected by state laws and court orders and separation agreements. You need to find the answer before claiming the child. In some states the working custodial parent has the right to claim the child as a dependent regardless if the non-custodial parent pays child support in recognition that the parent with custody generally spends more time and money on caring for the child.

the younger the child the more they want to learn,a nd the more energy they have. if you teach the younger children to practice things that save the world they will always do it, and even possibly teach it to others.

after food and shelter, a child needs to be "loved". That is; people to interreact with and learn from ... the younger the child the more it needs inter-reactions with others.

The Child Tax Credit is $1,000 for each of your dependent children that you are claiming that are 16 or younger. It doesn't have anything to do with gross income. This credit is nonrefundable, so it can only reduce your tax to zero. If your tax is less than this credit (see worksheet in IRS instructions), you will only claim enough of the credit to reduce your tax to zero & you may qualify for the Additional Child Tax Credit. The Additional Child Tax Credit is refundable (you can get money back if it's more than your taxes). It can be affected by your income. If the Child Tax Credit worksheet directs you to this credit, use IRS Form 8812 & instructions to see how much to claim. The total claimed on the line for Child Tax Credit & Additional Child Tax Credit cannot be more than $1,000 for each dependent child age 16 or younger. Yes, unemployment is part of gross income. However, it is not earned income.

The more money you save at an earlier age, the more money you'll have saved up for college! If you have the minimum amount of money for a CD (Certificate of Deposit), save your money there, because that will give you a better interest rate on your money, and you probably won't need it before college. The more money you save at a younger age, the easier life is as you get older. Remember that you have the luxury to be risky with your money when your young. As you get older, the less chances you can take when it comes to investing. So, save when your young, live when your old.

They earned more money than their parents.

Reading back then showed that the child was educated. Usually if the child can read it means the family is more wealthy ( has more money)

Foster parents can receive any where from $25.00-$80.00 tax free a day. It all depends on the behavioral issues that child has, the more difficult the child is the more money you get. Mentally challenged and disabled children get even more money per day depending on the severity of their disability..

You need to file a petition for child support modification and income investigation with the court. It will take some time, but the result may be in your and the child's favor. However, the court may consider your income also and is it necessary and do your child need more money before they initiate any action.

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