The carers tax credit is available to married couples paying tax and can be worth up to €900 pa.
To get it you have to be jointly assessed, the income of one spouse must be €5k pa (to get the €900) and up to €7k where the credit goes on a sliding scale.
Contact us today for more information and don’t forget if you have not claimed it this year you can go back ...
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Jobseeker’s Benefit is generally taxable, but the first €13 each week is exempt from tax. Jobseeker’s Benefit payable to short-time workers is not taxable. The Child Dependant Increase payable with Jobseeker’s Benefit is also not taxable.
Illness Benefit is not taxable for the first 6 weeks and the Child Dependant Increase is not taxable.
Other than the cases above, if your social welfare payment is taxable, any increase in your payment for your adult dependant and child dependants is also taxable.
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It is an important date as it represents the last opportunity for PAYE workers to claim back a proportion of income tax and PRSI paid in 2011. If this opportunity is not taken, it is missed forever. Furthermore, there are mutterings in the Finance Departments that pension relief may be reduced from a current maximum of 49% to 33% next year.
How it works;
1) A PAYE worker pays an extra contribution to his pension (or starts a pension)
2) He receives a ...
Continue Reading →Wheter your PAYE of self employed the tax system in Ireland only issues tax credits as directed by you.
We all recieve the standard credits (single / married persons) plus the PAYE credit but thats about it.
Depending on your circumstances, and how they change can effect your credits and therefore the amount of tax you pay !
For starters if you are married, and have children, and one spouse has either no income or earns less than €7,000 per annum, you can ...
Continue Reading →If you need a tax clearance certificate in a hurry, write to me at
info@mytaxreturn.ie
for an express application.
A Tax Clearance Certificate is a written confirmation from Revenue that a person’s tax affairs are in order at the date of issue of the Certificate. In some instances a Certificate may be issued to a customer who has tax arrears provided such arrears are covered by an instalment arrangement that has been agreed with Revenue.
The requirement to produce a Tax Clearance Certificate usually ...
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Complementing this is for you yourself to invest a bit of time into learning the tax system and becoming aware of the various schemes out there to help you learn the tax system.
This article looks initially at the most obvious people who will help reduce your tax liability.
It’s not your employer, it’s not your bank manager and it’s not your local politician! It’s much closer to home than that. It’s your family!
Here are ten tips to help you maximise tax ...
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We welcome any tax related questions to this web blog. A friend asked me an interesting question in relation to sick pay for PAYE and the possibility of a tax refund. Here is that point –
Q. I was off sick for 3 weeks in 2010, and my employers paid me full pay.
Cheques I got from the social welfare for sick pay I handed back to my employers.
A colleague mentioned I could be ...
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Nursing home fees still allow tax relief at 41%. This means if you are paying
€20,000 per year to a nursing home you can
claim back up to €8,200 in tax if you are paying
tax at the higher rate.
If your son/relative or other family are paying this for you they can claim this relief.
Always remember, to use up all tax credits that are available to you…..OR your family !
Review who is paying tax, and ...
There is a special Capital Allowances Scheme for work on farm buildings and structures associated with pollution control where the work is carried out before 31st December 2010. There is an accelerated allowance in Year 1 of the lesser of €50,000 or 50% of the qualifying expenditure. This Year 1 allowance is regarded as a “floating allowance” which may be taken in whole or in part at any time over the writing down period. The balance of the expenditure is ...
Wheter your PAYE of self employed the tax system in Ireland only issues tax credits as directed by you.
We all recieve the standard credits (single / married persons) plus the PAYE credit but thats about it.
Depending on your circumstances, and how they change can effect your credits and therefore the amount of tax you pay !
For starters if you are married, and have children, and one spouse has either no income ...