Tuesday, October 13, 2009

Tip 4: Qualifying child relief
QCR is $4,000 per child, which is double last year's relief. For handicapped children, it is $5,500.
Either parent may claim the full amount or it may be split between both parents.
Tip 5: Working mother child relief
For first, second and subsequent children, the relief is 15, 20 and 25 per cent of a working mother's wages. Maximum claim allowable QCR/HCR + WMCR is capped at $50,000 per child (i.e. Cumulative WMCR percentages are capped at 100% of mother's earned income).
Both this and the QCR (tip 4) can be claimed for Singaporean children up to 16 years old, or above age 16 if a full-time student with income less than $2,000 in 2008, excluding scholarships

No comments: