In the 2022 tax year, Working for Families tax credits (WFF) came to a total of $2,771 million. This number is a 4.4% decrease from the 2021 tax year.
The above graph shows the total entitlements paid for WFF between 2001 and 2022. The total entitlement paid has increased from $1,037 million in the 2001 tax year to $2,751 million in the 2010 tax year following changes in the WFF entitlements during this period and the introduction of the In Work Tax Credit (IWTC) in 2007. Between 2010 and 2018, total entitlements for WFF declined to $2,238 million in 2018. Following 1 July 2018 reforms to WFF and the introduction of the Best Start Tax Credit (BSTC), total entitlements to WFF increased to $2,928 million in 2020. Entitlements to WFF declined in the 2021 and 2022 tax years and totalled $2,771 million in 2022.