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Guru_Guy, Lawyer (JD)
Category: Tax
Satisfied Customers: 2418
Experience:  I am a lawyer who understands tax law and finance.
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how much money will i get back on my income tax if i made

Customer Question

how much money will i get back on my income tax if i made 16000 and claim 1 dependent
Submitted: 9 years ago.
Category: Tax
Expert:  Guru_Guy replied 9 years ago.

If you have one child under age 17 who therefore qualifies for the child tax credit, you should not owe any taxes. You will get 100% return of any withholding you had during the year.

If your income is earned income and you have one child, you should also get an earned income credit of $2553 in addition to whatever money you had withheld during the year for federal income tax.

I hope this helps!