Tax credits are a form of relief offered by the government to reduce the amount of tax you have to pay. Every PAYE worker is eligible for these and is guaranteed to receive at least the Personal Tax Credit and the PAYE Tax Credit. However, there are various other tax credits available which may be applicable depending on your individual...
It’s an unfortunate fact that many of us are actually overpaying taxes. Thankfully, we can claim this tax back if we know what relief we can apply for and how the rebate process works. Learn the five key things you need to know about claiming tax back. Time Limits Currently, you can only claim tax back for the previous...
Over the years the government has offered a range of tax credits and relief options, from rental payments to bin charges. However, tax credits are often gradually phased out every few years. This constant change can be confusing, and so to help we’ve decided to detail some of the tax credits you can currently still avail of. Tuition Fees If...
Many of the tax rebates that we process tend to include a refund for at least one of the past four years for an overpaid universal social charge payment. The Universal Social Charge (USC) was introduced on January 1st 2011 and effectively replaced the income levy and health levy (health contribution). Since its introduction, many people have been subject to...
In 2020 alone, Irish Tax Rebates have already obtained tax back for thousands of clients, with the average tax rebate amounting to €1,057. With so many people receiving cheques in the post for tax back, curiosity has peaked among the people of Ireland and we have seen several questions come in across social media. The most popular question is “Can...
Carrying out work on your home can be a costly process, but did you know that you can avail of recent Government tax breaks for renovations? They are available for both home owners and landlords, however there are different time periods for both. Home owners can claim the tax credit for work carried out between the 25th of October 2013...
Did you know that you can claim relief at the tax rate of 20% on your Medical Insurance Premiums? Not at lot of people know that, and are missing out on claiming sizeable tax rebates as a result! Tax back on Medical Insurance If your employer pays your Medical Insurance Premium, you may be entitled to tax back on Medical Insurance at...
Errors have been known to be easily made! But did you know that Government data errors could result in a potential tax rebate for you? As the Government strives to achieve cost savings and improve efficiency across all Government departments, more and more resources are being invested in ensuring that IT systems are compatible and allow sharing of information...
The Rent Relief tax credit has been phased out! Not only this, but the Revenue Commissioners are changing how the Rent Tax Credit (Rent Relief) can be claimed too. 2014 was effectively the last year that you could apply tax back for rent relief online. From 2015 onward, Rent Relief tax refunds can only be claimed by manually completing the...
For those of you who hold medical cards, the news hasn’t been great lately. Many of you have been subjected to “reviews” by the HSE and may have ended up losing your card(s) altogether. However, there is potentially good news for some of you – you may be able to secure a tax rebate through one of two avenues: Option...
So, it appears that using the Revenue On-line System (ROS) isn’t always as straight forward as it seems when trying to apply for a tax refund. We recently received a cry for help from a client who had submitted a tax refund claim for medical expenses using the R.O.S. They did so expecting, from their own calculations, to receive a...
