Tax Facts – Working for Families Tax Credits
Working for Families tax credits are payments for families with dependent children aged 18 or under.
There are four different Working for Families Tax Credits:
- Family tax credit – a payment for each child in the family
- In-work tax credit – a payment for families where the parents have paid work for a required number of hours (not available for those receiving an income-tested benefit or student allowance)
- Minimum family tax credit – a payment to make sure families are getting a basic income where the parents are working the required number of hours for salary and wages
- Best Start – a special payment for up to 3 years for children due or born on or after 1 July 2018
Inland Revenue administer the Working for Families tax credits, however taxpayers who receive an income-tested benefit will receive payments from Work and Income.
For more information just give us a call or visit the IRD website.
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