Child Tax Credit
Tax credit, Working tax credit, United Kingdom
978-613-7-16064-0
6137160645
116
2011-09-28
39.00 €
eng
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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. A child tax credit is a tax credit that may depend on the number of dependent children in a family. The credit may depend on other factors as well: typically it depends on income level. For example, in the United States, only families making less than $110K per year may claim the full credit. In many US counties the median family income is more than $110K per year, so the income level of the family is a larger consideration than the number of children. For example, in 2009, the majority of families in Loudoun County made $110,600 or more and would therefore not receive the full credit. Similarly, in the United Kingdom the tax credit is only available for families making less than £42,000 per year.
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