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 We were gifted a home.....Should I sell my home or stay in it until 2012?
We were gifted a home in August 2007.... I am told that we need to live in it for 5 years.... I have 2 kids and the house is really small my wife and i have been looking at larger homes and want to ...


 Taxes on something lol?
if something is 30.00 dollars and u have 6% tax on it how much will that item cost all together?...


 Just checked Where's My Refund...?
It is now corrected to say DD on 1/30. You all may want to check again! Interesting how they got the glitch fixed and was able to UPDATE WMR more than once a week! LOL
Additional Details<...


 If you buy turbo tax software from store is it good for one year only or can you use it in years to come?
please only answer if you know dont ...


 Can you claim a child even if they did not live with you during the past year?
I have custody papers that say that I can claim my daughter, but she has lived with her dad for the past 20 months. Should I claim her or not?
Additional Details
I am actually the child&...


 Do I get to claim mortgage interest that was payed in 2006 on my tax refund.?
If so, would I do it on a 1040? Do I get the whole amount back? If you could just answer to the best of your knowledge. I know that answers isn't for legal advice. I'm jsut trying to get ...


 Does anybody know how much tax is cut from minimum wage in the UK? Thanx?
...


 How long after the deadline did you receive your stimulus check?
My check is being mailed no later than July 4th (a holiday) so when can I expect my check in the mail? The letter says it should be here a few days after, but since it's a holiday I'm not ...


 I just got married. What last name should I use to file my tax returns for this year?
This may be a stupid question, but do I use my married name or my maiden name? I ask because I still get checks from work with my maiden name and have not changed my bank account yet. However, I ...


 So does the Pizza Hut waitress need to report to the IRS the $10,000 tip?
...


 If i am sacked due to illness will i be able claim benefits?
due to illness i have had alot of time off.my work have told me either to leave or be sacked.my doctor has advised me to leave. but i have just been told if i leave i cant claim benfits if i am ...


 How can you track your federal income tax return?
its been about 8 weeks since i sent in my federal tax return and i need to know how i can find out if it was ...


 My financial advisor told me I can claim my meals, mileage, haircuts and...?
and clothing on my taxes for my work. I am employed, not an independant contractor. I go to the location in my town twice a week, and travel 66 miles 3 days a week to another town. I don't ...


 Bloomin Hell?
If you click on all the countries under taxation, USA has 2 questions, others none (I think) and UK 38+ questions. Is our tax system that bad?...


 If i bought an item on ebay from an international seller. Would I get taxed when it is posted to me in the UK?
More specifically i was looking to buy a sports racket. The listed price from power sellers in Hong kong looks cheap. Would I get taxed by the customs here in UK when the package arrives. And if so, ...


 Is there a standing reward of $100,000.00$ to anyone that can provide a law requiring you to file a tax return
a tax code rule that says if you are required to file a Federal Tax return then you must file dose exist.
But you are not required to file....


 What are my options if I forgot to pay peroperty tax before dec 10 2007?Is there any way to avoid penalty?
...


 If I buy a product from Germany, do I pay VAT ?
...


 Help with taxes!!?
Does anyone know of a website where it explains the meaning of claiming single or married and the amount of dependants? I am married and I would like to have more taken out of my paycheck each week ...


 How can I get less taxes taken away from my paycheck???!!!???!!!?
I make a good income and feel that taxes are killing me. I get paid biweekly and and my check is $2925 and it comes out to $1885 after taxes!?!?!?!!? How can I get this down?

My Dad is ...



Frankie Honey
Compensation will it affect my benefit payments?
i am going to be receiving a compensation payment. I am on incapacity benefit. Will the amount I receive affect my benefit payments is there a max amount?

im in uk
                     
 




Lestat
Rating
Your payments of Incapacity will continue as normal and in the usual way. Incapacity Benefit is a contribution based benefit based on National Insurance contributions only. It is not means tested and does not take into account any capital or savingss you have. If you were getting a means tested benefit like Income Support or housing benefit taht would be affected in some circumstances by compensastion payments, but Incapacity Benefit is not.

(your award is actually offset against the benefit yiu have had, so taht any benefits paid is reimburded to the government - but this is just the technical bit that wont affect your paymrent of benefit)


Wonderwoman
Rating
The above answer is absolutely correct. As IB is not means tested it is not effected by a compensation payment. I also agree that if a benefit is awarded for the same period as the compensation it could be "recovered" from the payout.

Some of the other answers are somewhat mis-leading as they refer to means tested benefits.


Cornish Granny
I believe that if you receive compensation or any other sum of money ie; from house sale or a will that your benefits will stop . The idea of benefits are to help people who have no money at all. Don't try to hide it the Goverment is very clever about finding out about peoples lives.


Courtney&#39;s mummy
Rating
Yes it will probably.
You will have to inform them of any money that you get and then let them decide whether this makes your payements less


J
Rating
anything and everything will affect your benefit payment, its really a tricky subject.

What you can do is call the benefit advice line and ask them, but personally speaking, if you can remain anonomouse I would do, maybe put off compensation or give it to someone else? once you recieve over £20 a week it will affect your benefits, I used to be on incap, I ws told it was £75 a week and used to work for £75 a week. Then I was told they had made a mistake and I owed them housing benefit which I was not entitled to if recieveing incap and working £75 a week even if it was supported theraputic working.

What also turned out was that I had taken off tax and I wasnt supposed to, so actually I was earning over £75 a week, even though I wasnt actually getting all of it. (I was taxed 22% and weekly had been on arounf £95 a week if you dont take off tax). This meant I was accountable for everything, and not able to get any financial help as my hours were below 16 so I was not able to get working tax credits or anything like that. Follwoing these ruiles through, after tax, rent and council tax, I would have been in negative income. I had to give up my job as there were not extra hours, and there was no pay rise.

This adds to my previous issue with them where I had left uni, worked for a bit then become very ill with anorexia. I applied for benefits as I was unable to work, but was told I was not able to get them, so I left it at that, I was lucky as I was a new graduate at the time, so was still able, 7 months after graduating, to take out a graduate loan of £2000 which managed to see me through a very difficult time.
Eventually, 2 years later, I took on a job, for a year and then became ill again, this is when I was asked to apply again by my care support worker, and the benefits people worked out they had made a mistake for the previous years, they asked me to reclaim and I was infact entitled to benefits. yet my cirumstances had not changed, although I was beginning to look for a job by then ironicly. I tried to chase the 2 years before as I was getting charged on my £2000 loan and the overdraft I had taken out to live off as I had no benefits of money comming in when I was ill. I needed the money to pay the bank back basicly. I was told no, I was not able to chase anything back more then 12 months. If I had been able to, I would have been entitled to around £6000. This is money I was supposed to live off. I had been living off a loan and overdraft. yet thier mistake has cost me this and more, as I get charged interest on this.

I know that if your on income support, you can recieve upto £20 a week and this is ok,if its incapacity benefit and its seen as theraputic earnings, you can recieve up to £75 a week, but if its incapacity benefit and you get housing benefit
in addition, then anything you recieve on either benefit can and will directly come off your housing benefit, and they do not take into account the tax.

Please be very careful, it is very very easy for them to screw you over.


david.hutchings3@btopenworld.com
to claim for benefits you are only alowed so much savings


goingmad
if you are one of the many many genuine claimants then disregard these idiots but I have the feeling it will because everyone seems utterly obsessed with knocking the sick and or disabled this month, last month it was the single parent before that the asians, before that it was teens, before - you see, then it goes round again and again just in case we remember that our families have and still are paying taxes and in many cases until we became too ill or disabled most of us did, as well. there are a couple of sites on line that would probably answer your question or ring the dss help line for an answer. I hope I am wrong and you do get the compensation, and above all that you get better and can take your place as most of us would love to do back in work, as no decent person needs to be punished or made to feel ashamed of something that we cannot help. A pity though that these people don't crib at the amount this country has wasted on nuclear power stations and on trident and a 3mn pound blooming aircraft carrier etc., and the mp's 2nd homes caper isn't it not to mention their junkets and so on?


tattie_herbert
LOL!
ALL benefits are for those who cannot afford to live without that help.
If you have a change in your financial income. you MUST inform the D.H.S.S.


TK Trooper
What you on benefits for firstly. 80% of people in this country on benefits could actually work for a living (that is not to say you are definatly one of them) although statistics are against you. Why don't you ask the benefits agency. Or are you worried they will stop the benefits your on?


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