The Federal Tax Credits Blog

Posts Tagged ‘money’

Question: is there any point in me applying for the £500 maternity grant?

hi i was just wondering if any body out there had been awarded the maternity grant even though they were not on any benefits and were not classed as being on a low income,I am currently pregnant with my third child and was not able to claim the grant with my first two due to being awarded the basic family element of tax credits,but have worked out on the tax credit calculator that after the birth of my baby i should be awarded higher than basic family element and that’s after the baby element bonus,just wondered if any one else had been lucky enough to get the grant who was in the same situation as me?
thanks for the replys,think i will apply for it but after i have had the baby,so i can get tax credits reviewed too.

Answer: My wife didn’t qualify when she was pregnant as she wasn’t on benefits…even though she was on a low income.
You have to qualify for the higher element of child tax credit to qualify as well as benefits etc.
When the baby was born she applied again (as you automatically get the higher element of child tax credit with a new baby) and she qualified. She managed to buy all sorts of bits and pieces for the baby, it really helps.
You have until baby is 3 months old to apply. direct.gov has all the info.
Good luck

Phasing Out High Risk Nuclear Power: The Real Alternatives

This is a multi-part investigation of the cutting-edge clean alternative energy sources available to replace the dangerous, polluting technologies of the past.

UIC Financial Aid Webinar Part One: Myths of Financial Aid

Question: Getting a mortgage with bad credit?

I’m 30 and my husband is 40. We would dearly like to buy our own property but I think our chances are zero. We rent a lovely home at the moment but it just feels like we are throwing money away.
Anyway, our back ground is this:
We do not have a deposit.
We have been in a debt management plan for the last 4 years. We never default on these payments. Neither of us have any CCJ’s.
Between us we earn £45,000 a year before tax.

What are our chances? And what would we have to do to satisfy a lender?

Answer: With a history like that you will find it extremely difficult to get a mortgage.
A specialist broker might find you one but the interest rate will be horrendous.

But you could use your spare cash in a more constructive manner and clear all those bad debts. When they are clear and confirmed as clear you can apply to have you credit history cleared up.

The put your energy into saving hard for a deposit so that you can show potential lenders than you have cleaned up your act and got a deposit together and are no longer a risk.

First Quantum Minerals Higher As Credit Suisse Says Its Focus Remains on Growth After Q1

Credit Suisse has maintained an Outperform rating and $155 target price on First Quantum Minerals Ltd. (FM.TO) Event: “FM reported 1Q11 FD EPS of $2.18 which compares to our estimate

“tax return loans” Family Credit Management , News report.

Question: Do you think the Nissan Leaf will help America step forward?

So we can stop importing gas, and spending a shit load of money to OPEC.

100 miles per charge, charge costs $3 bucks….I think that would significantly not only help America but the environment…and it’s coming out this year and will cost about 30,000 bucks, but after tax credits maybe around 20,000.

And it’s coming in America this August…mass produced…the first mass produced purely electric car.

http://en.wikipedia.org/wiki/Nissan_Leaf

The chevy volt costs more and only goes 40 miles.

Lawl.

Answer: The Chevrolet version will help America a lot more.

Pain at the pump as gas prices soar in parts of Canada

Some drivers are paying more than ever to fill up their vehicles today, after steep hikes sent the price soaring in parts of the country overnight.

Ford’s from 1915 to 2009

Question: PAYE tax reference and tax credits?

my employer is useless, so it is hard to find out my PAYE tax reference no. however it is required on the tax credits claim form. could i leave it blank, as i do not have the number ? please do not say: call helpline, too dear these 0845s…thanks for help.
nope, my payslip does not have it…

Answer: If you really can’t get it leave it blank just make sure you’ve put the employers full name and address of the head office on the application and they should be able to trace it. It’s not a big deal anyway they can process your claim before veriying the work details as it’s not a priority. If you’ve got a P60 though it will definetely have the reference number on it.

Is the Traditional or Roth 401(k) Better for You?

One decision that many employees are now being faced with is whether to continue contributing to a t

PM’s statements to media at post-Cabinet briefing

Question: What is the difference between refinancing a mortagage and getting a home equity line of credit?

My home has appreciated significantly, and I’m looking to pay off my current adjustable rate mortgage and get a fixed rate loan at a lower interest rate, as well as extra money to fix it up and pay off my car loan and other bills. Also, do either cover property taxes and insurance, or will I have to pay them out of pocket? I just want to know the basics before going to the bank so I don’t feel confused or overwhelmed. Thanks!

Answer: If your goal is to pay off your existing loan, your only option is to refinance. A HELOC is essentially nothing more than it sounds – a line of credit backed by your house and therefore with a lower rate than unsecured instruments like credit cards. You would use a HELOC if you were satisfied with your current mortgage rate and wanted to consolidate a bunch of payments into a single one with a more attractive rate.

So, when you refinance your home at a better rate, property taxes and insurance (both types: mortgage insurance if less than 20% equity and homeowners) will both be components of your “PITI” payment (principal, interest, taxes, insurance, [mortgage insurance])

Tax credit rental units under scrutiny

Shawnee County has a “fairly high” vacancy rate for tax credit rental units, which is a product of a handful of underperforming properties in central Topeka, a housing official said recently. However, work is being done to improve their marketability and occupancy rates. read more

Part 4