calculating child tax credits?
914589
You can go to this website, put in your details and it will give you an estimation. Or you can call them and do it over the phone and they will tell you approximately how much you are entitled to. It may not be exactly what you get but it's usuall pretty close.\n\nhttp://www.taxcredits.inlandrevenue.gov.uk/Qualify/DIQHousehold.aspx
714874
To get a tax break for Goodwill donations, you have to itemize.  The fair market value of the donation becomes and itemized deduction, unless you donate a car, boat or airplane valued at over $500, in which case you can generally only deduct what they sell it for.\n\nAs far as child care expenses, that's a credit, meaning it comes right off of your taxes. The amount you get depends on a number of factors.  Download form 2441 from irs.gov to get a better idea of how it works.
113215
You probably have no tax liability, but you may qualify for Earned income tax credit whether or not you have children. \nBased on 2,000 income with no children that could be as much as $155! But you must file a return to get the credit.
214935
Here is a link below that should get you started.  Click on the web link buttons under Child Support Charts.  Good luck.
730545
Your tax calculation is basically correct.\n\nYou say you pay NI separately.  This is probably only Class 2 NI which is currently £2.10 per week.  You will also be liable for Class 4 contributions which are collected with your income tax.  These are payable at a rate of 8% of your income over £5,035.
874068
Steve F's answer is dead on for 2006.  For 2005, the $5,000 standard deduction is added to one exemption $3,200 or two exemptions $6,400 to get the total deduction.\n\nThe total deduction for one exemption is $8,200 ($5,000+$3,200)and for two it is $11,400.\n\nTotal taxable income is $1,800 ($10,000-$8,200) for one and $0 for two.\n\nTotal tax is $180 (10% of $1,800) for one and $0 for two.\n\nSo, in 2005, your tax savings for claiming a dependent is $180.  For 2006, your tax savings for claiming a dependent is $155.  Something, but not much.  If the dependent is your qualifying child, you may get to claim the Earned Income Credit and/or Child Tax Credit to increase your refund, but that is a totally different topic.
1124889
Contact your local tax assessors office and they will be able to give you a breakdown.  Otherwise you can look it up on-line on the assessors website.
509508
Hi, I noticed on your 360 etc. the mention of UK.\nThis helps because I guess your question relates to UK tax rates which are adjusted in the Budget each Financial year 6 April until 5 April the following year.\nThe rates for the current tax year are as follows:-\n\nRates and Allowances - Income Tax\nIncome Tax Allowances  Income tax allowances 2006-07 (£) \nPersonal allowance                              5 035 \nPersonal allowance for people aged 65-74        7 280 \nPersonal allowance for people aged 75 and over  7 420 \nIncome limit for age-related allowances        20 100 \nMarried couple's allowance\n for people born before 6 April 1935            6 065 \nMarried couple's allowance - aged 75 or more    6 135 \nMinimum amount of married couple's allowance    2 350 \nBlind person's allowance                        1 660 \n\nThe rate of relief for the continuing married couple's allowance and maintenance relief for people born before 6 April 1935, and for the children's tax credit, is 10%.\n\nTaxable Bands  Taxable Bands Allowances      2006-07 (£) \nStarting rate 10%                            0 - 2,150 \nBasic rate 22%                          2,151 - 33,300 \nHigher rate 40%                            over 33,300 \n\nFor more details or explainations follow the link below.\n\nhttp://www.hmrc.gov.uk/rates/it.htm
327664
Child support is neither deductable nor considered taxable income.  \n\nIf you pay - you cant deduct\nIf you recieve - you dont count it as income\n\nIf you are smart you have take the deduction(s) for the kid at least every other year.
1108412
Paying parents do have tax incentives.  They can claim that child on their taxes.
482344
Could be looking into the earnings of the parent paying support. Depends on jurisdiction how often that can be adjusted up or down (usually up.)
980422
I'm almost certain that a young person gets an allowance of £5035 for the tax year 2006/2007!\nSo if you earn £100 per week x52weeks = £5200 , you will pay tax at 10% on £165, ( thats around £3 per week).
325118
I found this website really useful:\n\nhttp://www.direct.gov.uk/MoneyTaxAndBenefits/Taxes/BeginnersGuideToTax/BeginnersGuideToTaxArticles/fs/en?CONTENT_ID=4015472&chk=iIHw8P
1049953
http://www.familylawsoftware.com/splitgen/sp/gn/ilpercentsofincomeforchildsupport.htm\n\n\nhttp://www.ilchildsupport.com/csbrochures/hfs1283b.html\n\n\nhttp://ocse.acf.hhs.gov/ext/irg/sps/report.cfm?State=IL
374644
I really sujest that you seek the advice of a tax attorney rather than a CPA on this one; asthis goes a little further than just taxes.\n\nOn the durface though, it seems simply that you can each take  turns claiming the child on a semi annual basis.  It would be in your best interest to get this in writing in your divorce decree and spell out the terms of the agreement.  On the years where the other party is claiming the child but you are still payaing 50% of the expenses, then there is not much you can do about that.  You don't want to report it as income to the other party, as this will reduce the tax benefits of your child, and inturn do the same to you.  In which case, then why go through this thing at all?\n\nHope this helps a little?\nGood Luck
1145913
you will recieve some money for each child under 18 that is the biological child of the mother.  this will be based on the amount of disabiltity the mother recieves monthly.
639116
As Per Indian Gov.(exc. HRA)\n\nstep1 Find annual income=month*12\nstep2 deduct any donations if specified\nstep3 Calculate the savings and deduct from taxable income<upto 100000 Rs only)\nstep4 find tax acc to table from the taxable income\nstep5 add 10%surcharge if annual income>1000000Rs.\nstep6 add2% educaton cess to it\nTAX CALCULATED!