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The correct exemption amount for each qualifying dependent on your 1040 federal income tax return is 3650 for each one.
Each 3650 amount would be free of the federal income tax as the amount would reduce your adjusted gross income down to your taxable income line on your 1040 federal income tax return.
You will know NOT know the correct amounts until you complete your 1040 federal income tax return correctly. your filing status, your age and how you made your gross amount of all worldwide income amount and all of your information that is required for you to enter it correctly on each line of your 1040 income tax return and this will all be a part of the necessary information that you know and will have to enter on your income tax return correctly to arrive at the correct answer of how much you might possible get back as a REFUND AMOUNT.
If it is qualifying earned income and you are not a dependent on another taxpayer's income tax you return. IF you meet the qualifications for the earned income tax credit and the making work pay tax credit for the tax year 2009 you WILL NOT KNOW the amounts until you have completed your 1040 federal income tax return correctly.
What else can I help you with?
Married filing jointly claiming foster child on taxes how much for dependent?
Exemption amount for each ones exemption on the 1040 federal income tax return for the tax year 2009 was 3650 for each qualifying dependent.
How much do you get back for 2 children on your income tax?
It depends on how much you made for the year. It's between 600-1000 for each qualifying dependent.
How much is the personal dependent exemption on IRS personal income tax form?
3700
How much tax dedution can you deduct for each dependent?
For each qualified dependent you may claim an exemption of $3,650.
Can two people claim a dependent on a tax return?
NO WAY. Not the same social security number on two income tax returns. Two taxpayers CAN NOT claim the same dependent in the same year on each one own 1040 federal income tax return.
Married filing jointly claiming foster child on taxes how much for dependent?
Exemption amount for each ones exemption on the 1040 federal income tax return for the tax year 2009 was 3650 for each qualifying dependent.
Can you file your disabled spouse as a dependent?
Not as a dependent on the married filing joint income tax return. You will each get one exemption on the MFJ income tax return for a total of 2 exemptions.
How much do you get back for 2 children on your income tax?
It depends on how much you made for the year. It's between 600-1000 for each qualifying dependent.
How much is the personal dependent exemption on IRS personal income tax form?
3700
How much tax dedution can you deduct for each dependent?
For each qualified dependent you may claim an exemption of $3,650.
Can two people claim a dependent on a tax return?
NO WAY. Not the same social security number on two income tax returns. Two taxpayers CAN NOT claim the same dependent in the same year on each one own 1040 federal income tax return.
How much money do you get per kid on your income tax this year?
The exemption amount for each qualifying child or qualifying relative dependent is $3,650 for each exemption. You can also deduct $3,650 for yourself.
Who is considered a dependent for income tax?
Whoever satisfies the criteria listed in the income tax instruction booklet.
You had no income but a dependent child do you get the child tax credit?
No
Can people be consider tax exemptions?
Yes each qualified taxpayer and qualified dependent would be 1 exemption for each one on your 1040 federal income tax return when it is completed correctly.
What is the most your spouse can make without you claiming her on your income taxes?
On your MFJ income tax return you do not have a choice about claiming your spouse. Your spouse would not be claimed as a dependent exemption on your MFJ income tax return. You have one exemption for each spouse on the MFJ income tax return and all gross worldwide income is combined on the married filing joint income tax return.
Do you have to claim income a dependent made?
Not on your income tax return. But the dependent may want to file the dependents own income tax return claiming the dependents income on it.The dependent cannot claim the dependent own exemption on the dependent own income tax return and will have to make sure that the dependent indicates on the dependent income tax return that the dependent is eligible to be claimed as a dependent on another taxpayers income tax return.Go to www.irs.gov and use the search box for Publication 17 (2009), Your Federal Income Tax for Individualshttp://www.irs.gov/publications/p17/index.htmlGo to chapter 3 Exemption thenYour Own ExemptionYou can take one exemption for yourself unless you can be claimed as a dependent by another taxpayer. If another taxpayer is entitled to claim you as a dependent, you cannot take an exemption for yourself even if the other taxpayer does not actually claim you as a dependent.Then Exemptions for DependentsDependent not allowed a personal exemption. If you can claim an exemption for your dependent, the dependent cannot claim his or her own personal exemption on his or her own tax return. This is true even if you do not claim the dependent's exemption on your return or if the exemption will be reduced under the phaseout rule described under Phaseout of Exemptions, later.I believe the above is only partly correct as to what your really asking.For example, if you have a child that has income (by employment, by inherritance, etc), even though you may list them as a dependent, that persons income is TAXABLE at your rate. (In other words, because the adult has reasonable income and pays tax at say 25%, if he shifts income to, or his child has income of an amount that presumably would be taxed much less (tax on 10K annually being virtually 0 %), essentially that income must be included as yours to get taxed at the higher rate.See the many publications on "Kiddie Tax".
