Rent Tax Credit, what is it? A Rent Tax Credit has been introduced for the year 2022 forward. Tax relief can be claimed if you paid for private rented accommodation in 2022. This has been welcomed by taxpayers who are paying for and living in rented accommodation. This new tax credit will be worth €500 per year and will be...
Have you received a letter from Revenue, notifying you of underpayments? Don’t worry, you’re not alone. Over 300,000 taxpayers are set to receive these letters over the coming weeks notifying them of underpayments, but don’t panic, as your tax agent, Irish Tax Rebates are here to help. These letters have requested that PAYE workers file their Tax Return for the...
Last weekend, Irish Tax Rebates attended the Pregnancy & Baby Fair and we got to meet so many of our lovely existing customers, and so many people who we are looking forward to claiming a rebate for in the future. If you visited our stand at G6, firstly, a big thank you for coming to say hello, we were delighted...
The 2023 Budget was presented on Tuesday the 27th of September. This is a little earlier than normal owing to energy inflation and the general increased cost of living. The size of additional spending in the Budget will be close to an unprecedented €11 billion. Our qualified Tax Experts have comprehensively reviewed the Budget and its implications for our clients....
What is Foreign Earnings Deduction? If you are an Irish Resident registered PAYE worker and you spend more than 30 qualifying days per year working abroad, you may be entitled to claim the ‘Foreign Earnings Deduction’. The Foreign Earnings Deduction “FED” was introduced in 2012 to encourage the expansion of Irish trade with emerging markets. It can be claimed as part...
Back to School Expenses How much does it cost to send a child back to school? Last week, Barnardos Children’s Charity released the results of a survey about the back to school expenses and their requests for the 2023 Budget on school uniforms, books and more. According to the children’s charity, “The cost of equipping children for the return to...
Are you dreaming of a last minute getaway? In August, a couple can fly to Sorrento and the Amalfi Coast for seven nights and stay in a four-star hotel with B&B for €769 each. Or they could opt for a four-star hotel with bed and breakfast in Kerry for €1,015 per person. A family of four could holiday in Spain...
Medical expenses can certainly add up, and each year families incur unexpected medical bills that can be quite significant. There are still over 1 million people in Ireland without medical insurance, and for those who have it, not all medical expenses are fully covered. The good news is that you can claim back tax on a wide range of medical...
Remote working can be liberating for many employees in Ireland – but working from home can also raise the cost of your energy bills. By claiming working from home tax credits, you can make some savings on these rising costs. Those struggling with the cost-of-living squeeze can claim tax relief on their electricity, heating and broadband bills immediately for their...
Taking care of an incapacitated or disabled loved one is a reality of life for many families. Employing a carer can be an appealing solution, and an excellent alternative to a nursing home — but it can also have significant financial implications on families. When given the option, most elderly people prefer to remain in their own homes rather than...
The Pandemic Unemployment Payment (PUP) is officially finished, while the Employment Wage Subsidy Scheme (EWSS) is also ending very soon. You may have availed of one of these schemes, but how will that impact your taxes now and going forward? Find our updated blog here. CONTENTS What is PUP? What is EWSS? How Are PUP And EWSS Taxed? Applying...
