What to pay and when. Your local council will send you a business rates bill in February or March each year. This is for the following tax year. You can also estimate your business rates bill. You might be able to pay your business rates bill in 12 instalments. Contact your local council to find out more.
Amount-With the Child Tax Credit, you may be able to reduce your federal income tax by up to $1,000 for each qualifying child under the age of 17. Qualification-A qualifying child for this credit is someone who meets the qualifying criteria of six tests: age, relationship, support, dependent, citizenship, and residence.
There are adjusted gross income (AGI) limits for taxpayers claiming the Child Tax Credit, which for 2014 are: 1  $110,000 for married filing jointly. 2  $55,000 for married filing separately.  $75,000 for all other filing statuses.