simple child tax credit or deduction question

[HighPitch]

so, things have changed?

quick question......lets say a mom has 2 kids in high school. lets say she makes 55k.

 

I am looking at the instructions and googling but am I right that in general she is just over the income limit and therefore the kids have ZERO benefit to her tax wise?

 

A few years ago you at least got a 3-4K deduction per kid. Not anymore it seems.

 

Not looking for deep advice just wondering if I am pretty much on the right track with this

[PFSIKH]

Are exemptions to reduce taxable income not a thing anymore?  

I was able to claim my kids through four years of college.  I guess we timed it right.

I would see if you can run it through H&R Block free online service to get an idea, but that sucks..  

[Jet_Engine1]

3 hours ago, HighPitch said:

so, things have changed?

quick question......lets say a mom has 2 kids in high school. lets say she makes 55k.

 

I am looking at the instructions and googling but am I right that in general she is just over the income limit and therefore the kids have ZERO benefit to her tax wise?

 

A few years ago you at least got a 3-4K deduction per kid. Not anymore it seems.

 

Not looking for deep advice just wondering if I am pretty much on the right track with this

I thought it was 2K per right off the bat??

[HighPitch]

2 hours ago, PFSIKH said:

Are exemptions to reduce taxable income not a thing anymore?  

I was able to claim my kids through four years of college.  I guess we timed it right.

I would see if you can run it through H&R Block free online service to get an idea, but that sucks..  

yea thats what im trying to figure out. Seems like there are no exemptions for kids anymore

[HighPitch]

Ok schedule 8812 figured it out. Not much going on though