what exactly is working tax credit?

Question

if Im a single mum and working will i get nursery paid for? What benefits do I get?

Answer 1

Dependent on your incomings and outgoings you may be entitled to working families tax credit and child tax credit. This can be a really healthy amount - I used to get about £250.00 per month before I earnt above the threshold.
They will take into considera tion your nursey fees and give you money towards this.

Look at the government website - you can even fill in an online 'am I entitled' form and it will give you an estimate of how much you're likely to get.

http://www.hmrc.gov.uk/menus/credits.htm

Answer 2

the benifits you will recieve will depend on how mush income you have, working tax credits are an income bonus that are again worked out by how much you earn, i think under 14 or 15 thousand a year you would get an extra 57 pounds per week and earning over 15 thousand a year you would get something like 15 pounds extra a week, dont quote me on that though, i cant remember the exact amounts, try going onto the governments working tax credits web site and im sure that would be more helpful to you, good luck, also id check with the dwp and see if there is anything you are entitled to claim

Answer 3

You should do.

It doesn't go on whether you are a "single" mum or a couple. If you are working and earning under a certain amount, and you have a child to care for you should get child and working tax credit, with child care fees partly paid for,

It depends on how much you earn though not whether you're single or not. If you are a very high earning single mum you won't get it, while a very low earning couple will.

Answer 4

firstley you will be taxed as a single parent in any job of work you do , youll be entitled to a working tax credit if your wage is below a certain level of income plus you will get help with child care costs , you will also be paid single parent child benifit that is a slightley higher rate ,if you live in council owned home then a rent rebate and council tax rebate must be applyed for ,if you own your home then dhss will help payment toward the intrest on your mortgage this will take a long time to be put in place though as througha cheack will have to be made via your bank etc .but in your local library you can find a book of your benifit rights its worth reading to know your rights .

Answer 5

In Canada, if you adopt and lets say it costs you $20,000 (just for the sake of discussion), you can claim that $20,000 expense on your taxes. This will result in a percentage savings on your taxes that may increase any return (or decrease any amount you have to pay). In my case for this years return, with a $20000 adoption expense it would have provided me with only an extra $2130 on my return this year. I assume you are in the US and I know other areas do it differently but I'm pretty confident in stating that it certainly doesn't come anywhere near the amount spent on the adoption. Some workplaces may have benefits as well although it depends upon your employer.

Answer 6

it for anyone on a low income working more than 16 hours a week if your a lone parent i think the maximum amount you'll get each year is £1640 which is good.

As for child care costs you can get back upto a maximum of 80% paid for you. Depending on how many kids you've got its a maximum of £175 per week for one kid and a maximum of £300 per week for 2 or more kids.

contact your local job centre or the website below.
Its defiantly worth looking into

Answer 7

Earned income tax credit-It is a credit you get if you could have otherwise been on welfare but you worked instead. You get part of you taxes back at the end of the year. You have to be seperated from your husband, boyfriend, raising the kids yourself and pay the household bills. You have to apply and then send the IRS copies of your household bills which qualify. Only send the ONES ON THEIR LIST. Good luck.

Answer 8

I think you get up to 75% of nursery fees paid for see here for more details.
www.direct.gov.uk

Answer 9

have a look here its a short break down of what you could claim

there is help out there for lone parents call into your local job center they can help you too