Tax credits are the sums that may be claimed to reduce the amount of tax to be paid.
Different types of tax credits that you may be eligible to claim:
- Donations tax credit
- Independent earner tax credit
- Tax credits for payroll donations
- Tax credit for income under $9,880 (removed from 1 April 2012)
- Tax credit for children (replaced with an “active income exemption” from 1 April 2012)
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