Friday, January 22nd, 2010

What is the per child tax credit for each of the last 7 years?

tax credit
Mike O asked:


We are helping a family that has not filed taxes in the past ten years and now will. They are not deadbeats, they’ve got their W-2′s and based on the W-2′s they have overpaid a tremendous amount to the IRS.
They just need help to file.
Please help us (their new church members) find the per child tax credit (USA) so we can help them file their taxes and get some refunds.

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2 Responses to “What is the per child tax credit for each of the last 7 years?”

Wayne Z Says:
January 22nd, 2010 at 1:04 pm

Unfortunately, it is a moot point for the older returns.

The statute of limitations has run out on anything 2004 and earlier. You can file the returns but they won’t receive refunds for those years.

You can file 2005-2007 and get those refunds. The child tax credit was $1000 for each of those years.

v b Says:
January 23rd, 2010 at 12:34 pm

This is the downside of not filing. The IRS doesn’t run after you if they realize you would get a refund.

Refunds are possible for 2005, 2006 and 2007. They would still file the earlier years to prove they don’t owe money.

If they have children under 17 then they were eligible for the child tax credit. The credit (which only helps to show they don’t owe for 2004 and earlier) was $600 and it’s now $1000.

2001 = 600
2002 = 600
2003 = 1000 (400 was passed out early)
2004-2007 = 1000

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