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With the recession plodding on in 2009, it’s important to realise what government tax credits you may be eligible for from the government. Each year, hundreds of millions of British pounds worth of benefits and tax credits are discarded. A tiny piece of that cash could have been earmarked for you, if only you realised you were entitled to it. Be it a working tax credit, a tax credit to help home buyers, or child tax credit, it’s advised to do your homework and determine the type of tax credits you are eligible for.

A great place to begin is the UK Inland Revenue website : taxcredits.inlandrevenue.gov.uk. On this website you can determine what tax credits/benefits are acquirable to you, and how you can apply for them.

It’s important to remark that the way such benefits are computed are usually rather involved, so it’s a smart move to call the tax office and talk to a representative there, and divulge your particular situation. That way they can determine whether you are eligible for certain benefits or not – since the application forms you need to complete are often quite long and time-consuming to complete.

Not is it only important to understand what tax credits / benefits you may be entitled to, but you might also think of a member of your family who may be eligible for such a tax credit/benefit.