Tax123 - Ireland's on-line Tax Refund Specialists
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Did you know?
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Are you due these Refunds?
Click on the item below or use the menu bar on the left, to find out more about your tax refund
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tax refund available to them?
Firstly, Tax refunds relate to your personal circumstances. For example, do you rent/have a mortgage; your employment and your health - even the personal circumstances of family members can affect your tax bill. The Revenue in Ireland will not know your full circumstances and cannot calculate your full tax liability and any tax refunds without you providing them with the right information.
Secondly, Ireland has a complex tax system containing lots of small print! It can be very time consuming to self-investigate your circumstances fully and correctly. A lot of people are either unaware or misunderstand the tax credits available to them in Ireland.
Get professional advice to achieve your full tax potential.
The information below is provided to help you understand the main tax credits, reliefs and refund opportunities available in Ireland.
Service Charges in Ireland Tax Refund
The Service Charges Tax Credit refers to payments that you make to your local council (or somebody operating these services on their behalf) towards bin collection, sewage disposal or for water charges.
Most people will be able to claim this Tax Credit against the cost of their bin/refuse collection service.
The Service Charges Tax Credit allows for the cost of the service, up to a maximum of €400 in 2007, allowing a tax refund of 20% of that cost.
So, if you pay €400 or more, this reduces your tax bill by €400 x 20% = €80 tax refund in the current year.
Click here for more information on the Service Charge Tax Credit.
Potential Tax Refund: €80
Click here to start your Free Refund Estimate
Medical Expenses Tax Refund
Gain some comfort from Medical Expenses by reducing your tax bill.
The following examples of Medical Expenses you be used to reduce your tax bill:
• Doctor or hospital visits
• Prescription drug expense
• Physio, massage and other rehabilitation treatments prescribed by your doctor
• Non routine Dental expense
Whether the expense was incurred in Ireland or elsewhere in the EU.
But remember, you can not claim a tax refund forMedical Expenses or Dental expense that will be met by a local authority/Social Welfare or by your medical insurance provider.
To read about how you can receive a tax refund for Medical Expenses, who you can receive Medical Expense refunds for, and how to calculate the amount of the refund, click here
Potential Tax Refund: Before 2007: Up to 42% of your expenses less €125 for single person, less €250 for more than one person.
From 2007: Up to 41% of your expenses, regardless of the number of people who incurred the expense
Click here to get your Tax Refund
Rent Relief Tax Refund
If you are living in privately rented accommodation in Ireland, you can avail of a Rent Relief Tax Credit. The tax refund is calculated based on your age and marital status. The maximum potential rent tax refund is 20% of your rental costs, with the maximum rent allowed as follows:
| Personal Circumstances | 2006 | 2007 | 2008 |
|---|---|---|---|
| Single and under 55 | €1,650 | €1,800 | €2,000 |
| Married and under 55 | €3,300 | €3,600 | €4,000 |
| Single and over 55 | €3,300 | €3,600 | €4,000 |
| Married and over 55 | €6,600 | €7,200 | €8,000 |
For examples of Rent Relief tax credit calculations and the maximum tax refund available in Ireland, click here
Potential rent relief Tax Refund: €360 for single, €720 for married person.
Click here to get your Tax Refund
Trade Union Subscription in Ireland Tax Refund
Members of Trade Unions in Ireland can claim a Tax Credit for their membership. The Trade Union Tax Credit was €60 in 2007.
For more information on the Trade Union tax credit calculations and the maximum tax refund available in Ireland, click here
Potential Tax Refund: €60
Mortgage Interest Relief
Mortgage Interest Relief is granted against the interest portion of your mortgage payments for your primary residence in Ireland, with the tax saving at a rate of 20% of the interest paid.
Strictly speaking, this is not a tax refund as you do not have to have paid tax in Ireland to be eligible for the Relief!
Mortgage Interest Relief is allowed on interest up to specified limits. These limits depend on your personal circumstances, examples given here:
| Personal Circumstances | 2006 | 2007 |
|---|---|---|
| Mortgage Interest Relief: Single, 1st time buyer | €4,000 | €8,000 |
| Mortgage Interest Relief: Married, 1st time buyer | €8,000 | €16,000 |
| Mortgage Interest Relief: Single, not a 1st time buyer | €2,540 | €3,000 |
| Mortgage Interest Relief: Married, not a 1st time buyer | €5,080 | €6,000 |
For more information on the Mortgage Interest Relief tax credit calculations and how to claim a tax refund for Mortgage Interest Relief not received at source from your bank in Ireland, click here
Employment Expenses Tax Credits
People working in certain occupations in Ireland receive additional tax credits to meet some expenses relating to employment in Ireland.
For more details on Employment Expenses tax credits and potential tax refunds, click here
PRSI/Health Levy paid in Ireland: Tax Refunds
PRSI and Health Levy are deducted directly from your Salary for employments in Ireland.
You may be eligible for a tax refund of payments made if your annual income was below the annual threshold limits.
For more information on PRSI/Health Levy and where a tax refund is possible, click here
Working Holiday in Ireland Tax Refunds
If you worked in Ireland for part of the year or had a second job: in particular if you are not in employment in Ireland at the end of the year, you may be due a tax refund.
Click here for more information on tax refund potential.
Click here to contact Tax123 to organise your Tax Refund
Tax Refunds for Previous Years
You can claim tax back in Ireland for any of the last 4 tax years. Contact us if you think you may be eligible for a Tax Refund for any of these years.
The above Tax Credits are opportunities for you to get a Tax Refund. But there are other Credits, Reliefs and tax savings available. Completing your tax return can also be time consuming in terms of maximising your tax potential and administering your return and it is recommended that you take the advice of a professional accountant or tax professional.
Why not let us take the hassle out of doing your tax return and make sure you get your full tax refund. Take your first step by contacting us now!.
Read Other Articles
1. Service Charges tax refund
2. Medical Expenses tax refund
3. Rent Relief tax refund
4. Trade Union tax refund
5. Mortgage Interest Relief refund
6. Company Offers refund
7. PRSI tax refund
8. Part Time Work tax refunds
9. Previous Years tax refunds
10. Professional Advice tax refunds
11. Redundancy Payments