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i am a acc beneficially and my son turns 20 in september.my

question is,am i entitled to...
i am a acc beneficially and my son turns 20 in september.my question is,am i entitled to backclaim for tax benefits for my son
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Answered in 30 minutes by:
7/3/2013
Lev
Lev, Tax Advisor
Category: Tax
Satisfied Customers: 30,682
Experience: Taxes, Immigration, Labor Relations
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LEV :

Hi and welcome to Just Answer!
You are entitled to claim a childcare tax credit - if your child(ren) was either under 18 or unable to work because of a disability and you paid a person or organisation (eg, a créche, Barnardos, kindergarten) for childcare and have receipts, you can claim a tax credit if:
• you were a single parent, or
• you and your spouse/partner were employed or self-employed, (this doesn’t apply to couples who are separated), or
• you or your partner were disabled or physically unable to care for your child(ren).
See for reference second page left column - http://www.ird.govt.nz/resources/a/e/ae763b004eed52ddaa94eab6c72de7d5/ir526-2012.pdf

LEV :

So you may only claim childcare tax credit if your child is disabled.
In additional - please be aware that as part of the Government 2012 Budget, the tax credit for children was repealed from 1 April 2012 and the entitlement to claim it was withdrawn in May 2012.
See for reference - http://www.ird.govt.nz/changes/children/

Ask Your Own Tax Question
Just in case you were not able to use the chat - I am switching to Q&A mode and porting the answer below.
Please feel free to communicate if you need any clarification or have other tax related issues.

Hi and welcome to Just Answer!
You are entitled to claim a childcare tax credit - if your child(ren) was either under 18 or unable to work because of a disability and you paid a person or organisation (eg, a créche, Barnardos, kindergarten) for childcare and have receipts, you can claim a tax credit if:
• you were a single parent, or
• you and your spouse/partner were employed or self-employed, (this doesn’t apply to couples who are separated), or
• you or your partner were disabled or physically unable to care for your child(ren).
See for reference second page left column - http://www.ird.govt.nz/resources/a/e/ae763b004eed52ddaa94eab6c72de7d5/ir526-2012.pdf

So you may only claim childcare tax credit if your child is disabled.
In additional - please be aware that as part of the Government 2012 Budget, the tax credit for children was repealed from 1 April 2012 and the entitlement to claim it was withdrawn in May 2012.
See for reference - http://www.ird.govt.nz/changes/children/

Lev
Lev, Tax Advisor
Category: Tax
Satisfied Customers: 30,682
Experience: Taxes, Immigration, Labor Relations
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Lev
Lev
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