How much money do you get for your son on you taxes?

Answer 1

For each qualifying exemption on your federal 1040 income tax for the tax year 2010 you will get a amount of 3650 free of federal income tax subtracted from your adjusted gross income amount before you will be able to determine your taxable amount of income that will be subject to the federal income tax rates. So if your marginal income tax rate is 10% that would be a 365 reduction amount of any possible federal income tax liability you may have for each exemption that you qualify to claim on your 1040 income tax return before you arrive at the line on your 1040 income tax return to determine your taxable income amount on your 1040 tax return.

Any other amounts earned income tax credit, child tax credit, etc. you will not know these correct amounts until you have completed your federal income tax return correctly.

You are the only one that would have all of the necessary information that will be needed for this purpose.