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Employee Tax Credits

The employee tax credit was, in 2003, changed so that people would then refer to it as a child tax credit or a working tax credit

. Most families are entitled to tax credits and most of them do not really require you to have a child so you can benefit from them. Taking a closer look at these employee tax credit forms, you will be able to see how you might be able to qualify for them.

First of all, when referring to child tax credit, you must know that people who are entitled to this do not have to qualify depending on their national insurance contributions. This kind of credit id usually calculated by taking into account the family and the number of children that family has. The credit itself is used as a way for people to help support their children. A person does not have to be employed to qualify for this kind of employee tax credit and the support will be given to a child until September 1 following his or her 16th birthday. It is also given to young people between 16 and 19 who are in school full time but do not have jobs to support themselves.

Looking at working tax credit as an employee tax credit, this is for people who are working, whether employed or self-employed. The people should be working at least 16 hours in a week and should be paid for the work that they are involved in. They are also expected to work for at least 4 weeks. When it comes to age, they should be 16 and above and have one child to take care of; be over 16 and are disabled; be over 25 and work at least 30 hours in a week; are 50 and above and have recently started work after receiving at least 6 months in benefits.

Employee Tax Credits

By: Tyson Flanagan
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