Search icon

Business

18th Jan 2021

Irish workers urged to check if they are entitled to tax rebates now a New Year has arrived

JOE

Irish Tax Rebates

Brought to you by Irish Tax Rebates

You could be entitled to a tax rebate.

We’re a few weeks into 2021 at this stage and with the dust long settled after Christmas, it’s a time now to look forward and to brighter days ahead.

From a financial point of view, what better way to kick off the new year by checking to see if you are entitled to a tax rebate? That’s where Irish Tax Rebates can help.

Irish Tax Rebates use a 40-point check system to ensure that no stone will be left unturned and that customers will recoup every single cent owed to them at a time when we could all do with an extra few quid in our pockets.

The 40-point check system is unique to Irish Tax Rebates and you won’t find a more comprehensive service anywhere else in the country. Such a thorough approach means a guarantee of the highest rebate possible and better yet, if you’re not entitled to a rebate, no fee will be charged.

The 40-point check system will cover all aspects of your life and your personal circumstances, including the categories below.

Your Job

You could be entitled to tax refunds on items such as uniform expenses, working from home allowances and emergency tax.

Perhaps you are paying too much income tax already or too much USC? All of this will be looked into with great care to maximise your refund.

Many workers are eligible to claim money back for flat-rate expenses, including teachers, hairdressers, beauticians, retail workers and many more.

Your Health

There are a number of ways you could be owed a tax rebate here. Irish Tax Rebates will examine your medical bills, health insurance, carer fees, physiotherapy fees, and indeed any other medical costs you have incurred.

All PAYE workers are eligible to claim tax back on a host of medical expenses incurred over the last four years. Many people never get their money back on these expenses because they are either unaware they can do so or they don’t know how.

You can claim up to 20% tax back on the costs of prescription refills, doctors’ appointments, maternity care and many more expenses. Moreover, if you are paying for nursing home care, either for yourself or a dependent, you can claim tax back at the higher rate of 40%.

As we’re spending large amounts of time indoors in our homes at the moment, it is a great opportunity to gather old medical receipts and claim tax back from the Revenue Commissioners.

Your Family

Your family circumstances could have changed or even if they haven’t, you could still be entitled to some tax back from, for example, marriage benefits (joint assessment), single-parent allowances or if you care for children or elderly relatives.

Eight out of 10 married couples are due a tax rebate depending on how they are registered with Revenue. In Ireland, married couples can choose whether they are jointly, separately or singly assessed for their taxation.

The benefit of joint assessment is the ability to transfer tax bands and credits between partners. This means you can reduce the amount of tax you have to pay at the higher rate, which could be a significant saving.

Additionally, some tax credits are worth double when you are married; however, this may vary from couple to couple, depending on their individual circumstances.

If you are unsure on how you’re being taxed as a married couple, now is a good time to review. It is important that both you and your partner apply for a tax rebate separately – this will help your accountant see the full picture of your taxes and identify how you can claim the highest refund possible.

Your Life Changes

Maybe you got married or are leaving the country. You could be starting a new job or have moved to Ireland to take up a new job. All of this will be checked by Irish Tax Rebates and every effort will be made to see if you are entitled to what could be some much-needed funds.

Your Education

Tuition fees on any third-level course will be explored as will any other student or educational allowances.

If you’re pursuing an undergraduate degree, postgraduate degree or even taking part in an IT or foreign language programme, you may qualify for tax back.

Likewise, if you are a parent or guardian who is financially supporting a dependent currently pursuing third-level education, you may be eligible to claim relief on these expenses.

You can claim up to 20% tax back on education fees for the last four years. With campus facilities closed down and many people studying from home as a result, there has never been a better time to get this money back.

Your Recreation

Last year, the government rolled out the Stay and Spend scheme to assist the hospitality sector in the country.

Eligible applicants can claim credit from the scheme for expenses incurred on holiday accommodation and ‘Eat In’ food and drink between 1 October 2020 and 30 April 2021.

The minimum spend is €25 per transaction and you must submit a copy of your receipt with the claim. The service has to have been provided by a ‘qualifying service provider’ who has registered with Revenue to participate in the scheme.

In total, the maximum credit available under the Stay and Spend scheme is €125 per person or €250 for those under joint assessment.

***

With over 20 years of experience in the sector, Irish Tax Rebates will ensure that if there is any tax owed to you, they will find it and ensure it gets to you.

It takes 60 seconds to fill in your details with Irish Tax Rebates and of course, if there is no rebate due, there is no fee due.

If you are eligible to claim tax back for the last four years, you could be due a large rebate – and now is the time to claim it.

Irish Tax Rebates secure tax rebates for PAYE workers across Ireland who may have overpaid their tax and serves 300,000 customers in Ireland every year. More information is available on irishtaxrebates.ie.

Brought to you by Irish Tax Rebates