Working for Families tax credit is the federal financial assistance benefit with the cost of raising children with working tax credit payment.
Working for Families Tax Credit Table 2024
These Working for Families Tax Credit payments are based on the dependent childcare and certain other specific criteria required by the Income Tax Act.
For Working for Families Tax Credit 2024, the Government of New Zealand has made some significant changes to the table and these changes are intent with the rising cost of living and inflation. To know more about the Working for Families Tax Credit 2024, read this.
Working for Families Tax Credit 2024 has been increased from $136 per week to $144 per week for the eldest child. Along with this for subsequent children, the credit has been boosted by $111 to $117 per week. The best start for the Working for Families Tax Credit is raised from $69 to $73 per week after tax. Which changes were intended from April 1, 2024.
Working for Families Tax Credit Dates and Eligibility
The Working for Families Tax Credit is the weekly payment that is paid regardless of your income.
The Working for Families Tax Credit must have a Caring for at least one child under the age of 18 years depending on you. You need to be over the age of 16 years. Lastly have to be a New Zealand taxation resident and living in NZ, or your children under your care are NZ residents and living in NZ
Read Also: How Much You Will Receive And The Amounts Of The New Child Tax Credit