ok so I over estimated our income by approx $30,000
So as the title states, I have accidently over estimated out income by nearlly $30,000 for the last financial year.
What happens now?
We were getting some benefits but I wouldnt say it was much, approx $25- $50 I think
We are planning on doing our tax soon but do you think we will get some money back ????
I would guess if you're entitled to some benefit now and your actual income is less than estimated then you'd be entitled to some sort of top-up payment. Quick, run off and do your tax returns!
We over estimated ours by $7000 and got nearly $4000 back from FTBA & FTBB so you might be in for a very nice surprise (we have 3 kids though so that is factored into it a bit as well).
That is really great news for you ... gotta love tax time
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