We all love tax credits, especially at the moment when is getting hard to make it all work each month.  If you have children under the age of 18, Working for Families Tax Credits can put more money in your pocket to help you with the costs of raising your family. Depending on your personal situation, you may be able to access one or more of the following types of tax credits:

Family Tax Credit – an ongoing payment for each of your dependent children under the age of 18.

In-Work Tax Credit – pays you up to $60 a week for your first three children and an extra $15 a week for each other child.

Minimum Family Tax Credit – if your family earns up to $22,645 a year before tax you may be able to a payment that tops up your family’s income to at east $355 a week after tax.

Parental Tax Credit – this payment helps you with the costs of a new baby for the first eight weeks after your baby is born.

To find out more, visit www.workingforfamilies.govt.nz where there are calculators to work out your eligibility. Or alternatively, contact Work and Income on 0800 774 004 or Inland Revenue on 0800 227 773 to find out if you qualify.

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