Answer:
Having a child and filing jointly will affect the amount Tax payable because up to $300 will be removed from Tax payable for every dependent ( child ) a a joint filer has
Explanation:
Tax liability if you file jointly now ranges from $600 to $1200 but if you file as an individual your Tax liability will range from $300 to $600. A joint Taxpayer may get up to $300 per child
The amount of money back a Joint filer might get for a child ( as with the new child ) will depend on the gross income and the amount of Tax liability the joint filer have. therefore having a child and filing jointly will affect the amount Tax payable because up to $300 will be removed from Tax payable for every dependent ( child ) a a joint filer has .
Since we now have a child and filing jointly, this will affect the amount of tax payable because an amount up to $300 will be removed from Tax payable for every dependent (child) that a joint filer has.
Basically, the filing status determines the amount and extent of tax liability that a person or couple will pay.
A singles or married couple enjoys certain benefit of reduction on tax payment once they have a child because they are seen as dependent.
If file jointly ranges from $600 to $1200 but file as an individual, your Tax liability will range from $300 to $600 so, the jointly taxpayer may get up to $300 per child.
In conclusion, Since we now have a child and filing jointly, this will affect the amount of tax payable because an amount up to $300 will be removed from Tax payable for every dependent (child) that a joint filer has.
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