Monday, April 21, 2008

370,000 families getting Working for Families tax credits

The Government spent about $2.2 billion on Working for Families tax credits in the year ending in March and more than 370,000 families are claiming the benefits.

Prime Minister Helen Clark today released an evaluation report on the package which says 371,300 families were getting Working for Families tax credits.

It had been estimated that 360,000 families would be receiving the Working for Families tax credit by the end of the March 2008 year.

The three most commonly reported uses of the extra money were "groceries and food, school costs and clothing," the report said.

It also said the package was reaching the target group of low to middle-income families, with about three quarters of families on incomes of less than $50,000 a year.

More than 80 percent of recipients were on an income of less than $59,000 a year. Families were mostly getting $125 to $150 a week under Working for Families.

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