<prompt> Human: I am graduating from school in 2 months and my wife and I are expecting twins before the end of the year. Our combined gross annual income is less than 15,000. How will these twins affect our tax refund? I have seen something about 1000 a piece and something else about a 3900 each dependent deduction. We are trying to budget for this as funds will be tight until I start work full-time in January. Thanks!  <response>: IRS employee here:I assume your twins will be born on or before 12312014, and you or your spouse can not be claimed as dependents on someone elses return her parents or yours.Here are the Interactive Tax Assistants for:The Child Tax Credit andThe Earned Income CreditThese tools are both set for tax year 2013, but they should be able to give you a heads-up for eligibility for either or both credits. Use low-end and high-end assumptions for both tools for your income. Since your children will be born in 2014, they are considered qualifying children for the whole year.Thank you for reading. 