Child Tax Credit Phone Number
The Child Tax Credit Phone Number is often called around the end of the year during tax filing season. Individuals usually call to find out information on exactly what child tax credits they are eligible for on thier tax returns. Fortunately, the majority are extremely happy with the news that they can save upwards of thousands on their tax bill by simply taking advantage of the below child tax credits:
United Kingdom Child Tax Credits
1. Child Tax Credit
2. Working Tax Credit
Child Tax Credit
Child Tax Credit (CTC) is for families who are responsible for at least one child or qualifying young person. You should claim if you have a child or qualifying young person who usually lives with you. You do not have to be working to claim CTC.
CTC is made up of the following
• Family element, the basic element for families responsible for one or more children. There is only one family element for each family, regardless of how many children usually live with you.
• Child element, one for each child you are responsible for
• Disability element, one for each child you are responsible for
- if you are receiving Disability Living Allowance for the child, or
- the child is registered blind or has been taken off the blind register in the 28 weeks before you complete the form.
Who is eligible?
All families with children can claim Child Tax Credit if their income is no more than £58,175 a year (up to £66,350 if you have a child under one).
You can claim if the child or young person is:
aged 16 and under, up to 31 August after their 16th birthday
aged under 19, or under 20 in certain circumstances, if they’re still in full time education
How much is it worth?
Child Tax Credit is made up of two elements : Family and Child. The family element is paid to all families with children and is worth up to £545 a year. The child element is paid for each child and is worth up to £1845 a year.
Tax Credits are paid directly into the bank account of the main carer for all the children in the family.
Yes, it’s true that many families don’t have a ‘main carer’ anymore and yes, it’s true that if you’re separated, and even if you look after the children 3.49 days a week and the child’s mother has them 3.51 days a week, she is classified as the main carer and receives 100 per cent of the tax credit. In reality, if there’s a dispute about who should receive the tax credit, it will generally go to whoever receives the Child Benefit.
Working Tax Credit
Working Tax Credit (WTC) is for people who are employed or self employed (either on their own or in a business partnership), who
• get paid for their work
• expect to go on working for at least 4 weeks
and who are either
• aged 16 or over and responsible for at least one child, and usually working at least 16 hours a week, or
• aged 16 or over and disabled, and usually working at least 16 hours a week, or
• aged 50 or over and are starting work after receiving certain benefits for at least 6 months and usually working at least 16 hours a week, or
• aged 25 or over and usually working at least 30 hours a week, or
• aged 60 or over, and usually working at least 16 hours a week.
WTC is made up of the following
• basic element, paid to any working person who meets the conditions
• lone parent element, for single parents
• couples element, for couples
• 30 hour element, for people who work at least 30 hours a week. Couples with at least one child can claim the 30 hour element if they work at least 30 hours a week between them providing at least one of them works 16 hours or more a week
• disability element, for people with a disability
• severe disability element, for people with a severe disability
• 50-plus element, for people aged 50 or over who are starting work after a period on benefits
• childcare element, for people who spend money on registered or approved childcare.
Who is eligible?
To claim Working Tax Credit, you normally need to be 25 or over and working at least 30 hours a week, but if you’re a parent, you have to be over 16 and working over 16 hours a week.
How much will I get?
Working Tax Credit is calculated by HM Revenue & Customs (HMRC), and depends on your circumstances and income, so it’s not possible to say exactly how much you’ll get – you just need to apply and see.
Contact Details – Tax Credit Helpline and Tax Credit Office
Contact details for the Tax Credit Helpline and Tax Credit Office, which provide information about Working Tax Credit and Child Tax Credit.
The Helpline can be reached at 0845 300 3900 . The helpline is busiest between 9.30 am and 2.30 pm and after 4.00 pm. If you call outside these times your call may be answered more quickly.
United States Child Tax Credits
1. Child Tax Credit
2. Child and Dependent Care Tax Credit
3. Earned Income Tax Credit
Child Tax Credit
The Child Tax Credit is a credit that can be taken by individuals who have a qualifying child as defined by the IRS. To qualify for the credit, normally the child must be your son, daughter, stepchild, foster child, brother, sister, stepbrother, stepsister, or a descendant of any of them (for example, your grandchild, niece, or nephew), was under age 17 at the end of the Fiscal Year, did not provide over half of his or her own support for the Fiscal Year, lived with you for more than half of the Fiscal Year, is claimed as a dependent on your return, and was a U.S. citizen, a U.S. national, or a U.S. resident alien.
Child and Dependent Care Tax Credit
Individuals who pay for day care expenses for their children or disabled adult dependents may be eligible for a federal tax credit of up to 35% percent of the cost of day care. The amount of child care expenses that can be applied toward the credit is $3,000 for one child and $6,000 for more than one child. If you paid for the care of a qualifying individual so that you (or your spouse if you are married) could work or look for work, you may be able to claim the credit for child and dependent care expenses. If you are married, both you and your spouse must have earned income, unless one spouse was either a full-time student for 5 months of the tax year or was physically or mentally incapable of self-care. (An individual is physically or mentally incapable of self-care if, as a result of a physical or mental defect, the individual is incapable of caring for his or her hygiene or nutritional needs, or requires the full-time attention of another person for the individual’s own safety or the safety of others)
Earned Income Tax Credit
The Earned Income Tax Credit or the EITC is a refundable federal income tax credit for low to moderate income working individuals and families. When EITC exceeds the amount of taxes owed, it results in a tax refund to those who claim and qualify for the credit. For the years 2009 through 2012, the Earned Income Credit is temporarily increased for working families with three or more dependents. Previously the earned income credit maxed out at two dependents. The earned income credit will revert back to maxing out with two dependents starting in 2013.
Contact Details – IRS Telephone Assistance
Live Telephone Assistance
When calling, you may ask questions to help you prepare your tax return, or ask about a notice you have received. Please be aware that when you conclude your discussion, our system will not permit you to return to your original responder.
Telephone Assistance for Individuals:
Hours of Operation: Monday – Friday, 7:00 a.m. – 10:00 p.m. your local time (Alaska & Hawaii follow Pacific Time).