Tax relief question

D

dave29

Registered User
Messages
108
Hi,

I might be entitled to an extra 3300 tax relief.

If I am how much extra income would I get ?

Does 3300 tax relief mean I don't pay 3300 tax per year so it's like have 3300 extra in my pay packet ? ( divided by 12 months wages = 275 per month extra ?

or something else ?

I'm on 42000 per year before normal tax.
 
What are you talking about a deduction or a credit.

If it's incapacitated child tax CREDIT then it reduces you tax liability by €3,300.
 
yes thats what it's for..

but what does that mean money wise ? .. sorry I really don't understand tax
 
A tax credit is a credit against your tax liability.

So you get a personal credit €1,650 or a married credit of €3,300.

So €40,000 x 20% = €8,000 less credits of whatever.

So a credit of €3,300 reduces your tax bill by €3,300.
 
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