What are tax credits and who is eligable?

Question

would have to be working tax credits as i dont have kids.

Im 24 and earn about 17k if that helps

Answer 1

You won't qualify as you are too young and earn too much

There are two tac credits, working Tax and Child Tax; both are means tested so depend on your household income

People with children can be paid Child tax Credts if they have at least one child and a household income of less than 56K p.a

working tax can be claimed by people in work with a low earnings. If you have no children and are not disabled you need to be over 25 years old and earn less than 11,500 p.a. working over 30 hours per week.

If you have a disability or child you need only work over 16 hours per week.

Answer 2

for working tax credit you have to working 16hrs or more a week, and be earning less than 15,000 ( that what i was told a few weeks ago when i rang up anyway )

Answer 3

Tax credits are an allowance that you can apply for if you are on a low income, to see if you are eligible go to the inland revenue website and apply, they will let you know if you are eligible.

Good Luck !

Answer 4

child tax cedits or working tax credits??