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Guru_Guy
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: 10 years ago.
Category: Tax
Expert:  Guru_Guy replied 10 years ago.
Hello,

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!