What kind of tax reliefs can I claim if I have children?
For married couples, you can claim Parent Tax Relief (PTR) of $20k per child, which is shared between the 2 parents. For example, if mother claims $10k, father claims $10k. If mother claims $20k, father cannot claim anymore. For more information on PTR:https://www.iras.gov.sg/IRASHome/Individuals/Locals/Working-Out-Your-Taxes/Deductions-for-Individuals/Parenthood-Tax-Rebate--PTR-/ For working mummies, we get Working Mum's Child Relief (WMCR). The amount you get differs according let to the birth order, up to 25% of the mother's pay per child. For more information on WMCR:https://www.iras.gov.sg/IRASHome/Individuals/Locals/Working-Out-Your-Taxes/Deductions-for-Individuals/Working-Mother-s-Child-Relief--WMCR-/
Read moreWorking mums can also claim relief for Foreign Work Levy paid in the previous. Look here for more details: https://www.iras.gov.sg/IRASHome/Individuals/Locals/Working-Out-Your-Taxes/Deductions-for-Individuals/Foreign-Maid-Levy--FML--Relief/
I think there are a few types. Parenthood Tax rebates Child Qualifying relief Foreign Work Levy claim for woman only Working Mum's Child Relief You may wish to check on iras website for further information. www.iras.gov.sg
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thanks