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  2. Working Tax Credit - Wikipedia

    en.wikipedia.org/wiki/Working_tax_credit

    Working Tax Credit. Working Tax Credit ( WTC) is a state benefit in the United Kingdom made to people who work and receive a low income. It was introduced in April 2003 and is a means-tested benefit. Despite the name, tax credits are not to be confused with tax credits linked to a person's tax bill, because they are used to top-up low wages.

  3. Earned income tax credit - Wikipedia

    en.wikipedia.org/wiki/Earned_income_tax_credit

    The United States federal earned income tax credit or earned income credit ( EITC or EIC) is a refundable tax credit for low- to moderate-income working individuals and couples, particularly those with children. The amount of EITC benefit depends on a recipient's income and number of children. Low-income adults with no children are eligible. [1]

  4. Working for Families - Wikipedia

    en.wikipedia.org/wiki/Working_for_Families

    The Working for Family tax credits include four types of payments: Family tax credit: provides ongoing support for beneficiary and working families with dependent children. In-work tax credit: available to working families only. Minimum family tax credit: paid to working families to ensure they earn a minimum annual income after tax.

  5. What Are Tax Credits and How Do They Work? - AOL

    www.aol.com/tax-credits-160008837.html

    Tax credits are one of the most useful tools available to reduce the amount of taxes you owe. In some instances, they may even result in a refund despite you not owing any taxes. A firm ...

  6. TurboTax Child Tax Credit Calculator and Top 7 Requirements - AOL

    www.aol.com/turbotax-child-tax-credit-calculator...

    The American Rescue Plan raised the maximum Child Tax Credit in 2021 to $3,600 per child for qualifying children under the age of 6 and to $3,000 per child for qualifying children ages 6 through ...

  7. Work From Home? See If You Qualify for Any Tax Credits - AOL

    www.aol.com/home-see-qualify-tax-credits...

    How To Calculate the Home Office Tax Deduction There are two ways to calculate the tax deduction. You can either base it on the percentage of your home used for the business, or use a simplified ...

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