The Federal Tax Credits Blog

Posts Tagged ‘business’

Carbon Tax Evasion

Question: Confused about tax credits??!!!?

My husband works full time and Im a stay at home mum. We are currently getting the minimum amount of tax credits. I am going back to work soon and I went onto their website to get an estimate to see what would happen to our tax credits.

When I put in the details of my husbands and my new work the amount we would get a year went up by about £1800. I thought no that cant be right so I went back to the start and put in my husbands hours and me not working and it came back correct to what we’re getting now???

The increase wasn’t to childcare as we don’t qualify for help with childcare costs, it said the actual working element would go up.

My question is… how does this work? Is it right? Will we actually get more when I am working too? This tax credits thing is SO confusing.

Answer: The problem with doing an est online it doesn’t take into consideration your current circumstances and you may be entitled to more tax credits because tax credits is designed to help people back into work. I would call the helpline and the can ensure that your getting the correct payments now and do an est for you.

Veronique de Rugy: The Facts about the Alternative Minimum Tax

Question: FEDERAL TAXES: Child Adoption Credit….?

Does this apply only if you go through an agency and adopt a child the usual way, or could it also apply if you get married and adopt the children that your wife had before she married you? My wife had 2 kids before we met. Their father relinquished his parental rights, and I adopted them and I am now legally their father. The names on their birth certificates now match mine and my wife’s. Can I take the Child Adoption Credit on my federal taxes? Can you also point me to a source for your info? Thanks!

Answer: It only applies if you are adopting someone outside your married or biological family. Changing from foster child to adopted child counts. Adopting your spouse’s child doesn’t count because if you are filing a joint return, the kids are already his. The child cannot have been related to either of you prior to the adoption.

The motivation here is to get homes to orphans, not change of parental duties.

Randall the EA

Quicken: Budgeting for the Cost of Raising a Child

Tax credit update!

Question: Working tax credits?

can someone please post the link to the working tax credits application / claim form.
I have been looking on the HM Revenue & Customs web site but cannont find it.

Many thanks

Answer: just google “working tax credits” and it will come up with your link

Nevis Citizenship and Passport Program by Thetabiz Offshore Services