Tax Credits
Tax credits are payments from the government. If you're responsible for at least one child or young person who normally lives with you, you may qualify for Child Tax Credit. If you work, but earn low wages, you may qualify for Working Tax Credit.
The amount of tax credits you get depends on things like:
- how many children you have living with you
- whether you work - and how many hours you work
- if you pay for childcare
- if you or any child living with you has a disability
- if you're aged 50 plus and are coming off benefits
Your payments also depend on your income. The lower your income, the more tax credit you can get.
It's very important to tell straight away about any changes in circumstance that could affect your tax credits. If you don't, you might get too much money and may have to pay it back, or you might not get the money that's due to you.
The changes you should tell about:
- You work less hours
- Changes to the children you're responsible for
- Your childcare costs go up or down
- Changes in the number of children you're responsible for
- Changes in circumstances of the child or young person you're responsible for
- Changes in your income
- Changes in your employment
- Change of address and bank details
To get more information about Tax Credits and Tax Credits claim, please call us on: 07809332726 or 07809328108.
Our advisors will explain your situation and help you to make a right claim.
