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   What are tax credits?

   • Tax Credits, despite the name, are benefit payments to support people with children or who are in work but on low incomes. There are two types of Tax Credits: Child Tax Credit. For people with children, whether working or not. Eligibility depends on how many children you have and the number of hours you work. Working Tax Credit.

   Tax Credits: Are you entitled to help? - MoneySavingExpert

   www.moneysavingexpert.com/family/tax-credit-child-working-overpayment/

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   How much working tax credit can I get in 2024-25?

   • If you work a certain number of hours a week, and have an income below a certain level, you could get up to £2,435 working tax credit in 2024-25. That figure is called the 'basic element' of working tax credit. This is the part that everyone claiming working tax credit receives, and it's based on how much you earn.

   Working tax credit: eligibility and income thresholds - Which?

   www.which.co.uk/money/tax/tax-credits-and-benefits/working-tax-credits-the-basics-afgby0a5tpsI

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   What are the different types of tax credits?

   • There are two types of Tax Credits: Child Tax Credit. For people with children, whether working or not. Eligibility depends on how many children you have and the number of hours you work. Working Tax Credit. For people who work, but are on low income (doesn't matter if you've got kids or not). Most can no longer apply for Tax Credits.

   Tax Credits: Are you entitled to help? - MoneySavingExpert

   www.moneysavingexpert.com/family/tax-credit-child-working-overpayment/

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   Who is eligible for Working Tax Credit?

   • However, if you're disabled and work, or if you have children, you might be eligible for working tax credit if: you're 16 and over. You also need to be a UK resident to claim, but there are a few circumstances where you can receive working tax credit without living in the UK:

   Working tax credit: eligibility and income thresholds - Which?

   www.which.co.uk/money/tax/tax-credits-and-benefits/working-tax-credits-the-basics-afgby0a5tpsI

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   How often do tax credits need to be renewed?

   • Unlike other benefits, tax credits usually have to be renewed each year by 31 July for you to continue receiving payments from HMRC. The renewal process is necessary, as the amount of money you'll receive depends on how much money you earned in the previous year. So, how much you're paid in 2024-25 will depend on what you earned in 2023-24.

   Working tax credit: eligibility and income thresholds - Which?

   www.which.co.uk/money/tax/tax-credits-and-benefits/working-tax-credits-the-basics-afgby0a5tpsI

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   Can I get a tax credit if I have a child?

   • Eligibility depends on how many children you have and the number of hours you work. Working Tax Credit. For people who work, but are on low income (doesn't matter if you've got kids or not). Most can no longer apply for Tax Credits. If you need support with your income, you'll now need to apply for Universal Credit or Pension Credit.

   Tax Credits: Are you entitled to help? - MoneySavingExpert

   www.moneysavingexpert.com/family/tax-credit-child-working-overpayment/

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2. www.gov.uk › government › publicationsTax credits, Child Benefit and Guardian's Allowance — rates ...

   www.gov.uk › government › publications

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   Feb 29, 2024 · These tables show rates and allowances for tax credits, Child Benefit and Guardian’s Allowance by tax year (6 April to 5 April).

   • Child Benefit

     By claiming Child Benefit, you can get: an allowance paid to...

   • Tax Credits Calculator

     Government activity Departments. Departments, agencies and...

   • What Counts as Income

     the foreign equivalents of UK tax-free benefits To support...

3. www.gov.uk › government › collectionsTax credits: detailed information - GOV.UK

   www.gov.uk › government › collections

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   Feb 5, 2024 · Guidance and forms for claiming or renewing tax credits. Including childcare costs, payment dates, leaving or coming to the UK, overpayments and reporting changes.

4. www.gov.uk › guidance › tax-credits-working-out-incomeWorking out your income for tax credit claims and renewals

   www.gov.uk › guidance › tax-credits-working-out-income

   • Cached

   • Overview
   • Employer Benefits
   • Coronavirus Payments
   • Other Income

   When you claim tax credits, you’ll need to give details of your total income. You’ll also need to work out your income when you renew your tax credits each year. Usually, what you’re entitled to is based on your income for the last tax year (6 April one year to 5 April the next). Your income includes: 1. wages as an employee, including any ‘employe...

   See full list on gov.uk

   When you work out your gross pay as an employee, you need to include the taxable value of certain benefits you received from your employer. Form P9D and the £8,500 earnings limit were abolished from 6 April 2016. Form P9D only relates to tax year 2015 to 2016 and earlier. Add up any of the following that apply to you, to work out what to include in...

   See full list on gov.uk

   If you received a coronavirus-related payment, you must include it in your income for your tax credit claims or renewal. The following list is in alphabetical order.

   See full list on gov.uk

   As well as what you earn from work, you’ll need to work out the total amount of any other income you’ve had. In most cases, you’ll only need to include what you’ve had that was more than £300.

   See full list on gov.uk

5. Videos

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     2:40

     youtube.com

     Child tax credit: How to file your 2021 tax return | JUST THE FAQS

     25 Jan 2022

     8.4K views

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     investopedia.com

     Tax Credit: What It Is, How It Works, What Qualifies, 3 Types

     31 Dec 2008

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     taxpayeradvocate.irs.gov

     2021 Child Tax Credit & Advance Payment Option

     5 Jul 2021

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6. www.which.co.uk › money › taxTax Credits & Benefits - Which?

   www.which.co.uk › money › tax

   Attendance Allowance. Personal Independence Payment (PIP) Working tax credit explained. Discover whether you're eligible to claim working tax credit, and how much you could receive in 2024-25. 6 April 2024. Maternity and paternity leave explained.

7. www.which.co.uk › money › taxWorking tax credit: eligibility and income thresholds - Which?

   www.which.co.uk › money › tax

   Oct 16, 2024 · Working tax credit is a means-tested government payment to help with day-to-day expenses for working people on low incomes. You can only claim for working tax credit if you: Already receive child tax credit. Have claimed working tax credit in the past year. Otherwise, you'll need to claim Universal Credit.

8. www.revenue.ie › en › personal-tax-credits-reliefsTax rates, bands and reliefs - Revenue Commissioners

   www.revenue.ie › en › personal-tax-credits-reliefs

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   Tax credits, allowances and reliefs. This page shows the tables that show the various tax band and rates together with tax reliefs for the current year and previous four years.

9. www.moneysavingexpert.com › family › tax-creditTax Credits: Are you entitled to help? - MoneySavingExpert

   www.moneysavingexpert.com › family › tax-credit

   • Cached

   Tax Credits, despite the name, are benefit payments to support people with children or who are in work but on low incomes. There are two types of Tax Credits: Child Tax Credit. For people with children, whether working or not. Eligibility depends on how many children you have and the number of hours you work.