Did you pay Rent? - Get up to €1,000 Tax Refund!

Did you rent any of these places in Ireland at any stage since 2022?

• Your main home (your principal private residence)
• A place for your child's third level education
• A second residence for your work or studies

The rented property needs to be either registered with the Residential Tenancies Board (RTB), or a "rent-a-room" type of arrangement.

If that is the case, you might be eligible for the Rent Tax Credit! The exact rate depends on the your assessment:

•  Single filers - €500
•  Jointly Assessed couples - €1,000

The amount of the Rent tax credit is increased for 2024! Single filers will be able to claim back up to €750, while Jointly Assessed couples - up to €1,500. This can be submitted from January, 2025.

To find out more about the Rent Tax Credit just click on the button below

Did your mortgage increase in 2023? - Get up to €1,250 Tax Refund!

Here's the deal: if you own your home (principal private residence) in Ireland and your mortgage interest payments increased compared to 2022, you could qualify for a Mortgage Interest Credit on your 2023 tax return. That means you could get up to €1,250 back!

Here's how to know if you qualify:

• Your outstanding mortgage balance on December 31st, 2022, was between €80,000 and €500,000.
• You paid more interest on your mortgage in 2023 compared to 2022.

Ready to claim your credit?
Just send us your Mortgage Interest Certificates for both 2022 and 2023, along with confirmation of your mortgage balance on December 31st, 2022. We'll handle the rest!

To find out more about the Mortgage Interest Tax Credit just click on the button below

Moms and Dads! If you are single, have children and you are not living with a partner (i.e. not cohabitating), you could be due a tax credit for being a Single Parent.

Even if your child is over 18 years of age, but still in full time education or completing an Apprenticeship, you may still be eligible to claim for this credit. This credit is worth €1,650 per year and you can also benefit from an increased tax band that allows you earn an extra €4,000 at the lower rate of tax - saving you up to €800 depending on your income!

You may already be in receipt of the SPCCC but we double check this as part of our review and we will request if you have a dependent child if not already there for you.

This is a complicated tax credit and there are a few different rules to meet in order to qualify. So email us by reply to confirm if you had a dependent child for the years in question and we will confirm what other information is needed to proceed.

Living and working in Ireland, but your husband/wife lives abroad?

You could be due additional tax credits and a refund from what is called Non Resident Aggregation Relief.

This benefit is recognition that you support a spouse living in a different country and can be worth as much as €3,450 - depending on circumstances. Over a full 4 year claim this can add up to €13,800.

While complicated to claim, this tax relief is one of the best available for normal PAYE employees!

You will only need to send us a statement from your wife/husband's country of residence confirming their income for the relevant tax years.

Many single income families are missing out on the Home Carer Tax Credit, which for the last 4 years can be worth up to €5,400!

This credit is for those who are married or in a civil partnership, and care for one or more dependents. It's not just for single income families either, the spouse who is the carer can earn a certain amount and you can still qualify.

Most commonly claimed for kids, this can also be claimed where you provide support to a dependent person (over 65 years old or permanently incapacitated, excluding your spouse), who resides close to you. The limit on the income of the spouse who is the carer varies year to year but we will calculate this eligibility as part of our review. However, Carer’s Allowance is not taken into account of this income.

Some exclusions - Only one credit can be claimed regardless of the number of dependents cared for and you cannot claim it where the dependent person is your spouse.

For Kids - We will check for this automatically where we know you are married and we will confirm if you had a dependent child.

For other dependent people - Email us in reply to let us know your details and we will check if you meet Revenue's strict criteria.

The tuition fees tax credit can get you money back on Revenue approved third level courses. You can get 20% of your fees back as a tax credit. Please note, the claim amount is restricted by a Revenue 'Excess' amount, depending if you were in Full-time or Part-time education. As a bonus, if you are unable to get a refund - because you were a busy student and not working - your parents may claim the tax credit.

If you paid college fees in the last 4 years, we will need fee receipts from the college, detailing the course title description.

This tax credit is a support for parents where a child has been diagnosed with an incapacity that will prevent him/her from working as an adult. This tax credit is €3,300 per child.

Common eligible conditions include Downs Syndrome and Cystic Fibrosis, while severe autism may be allowed in some cases - Revenue make the final decision on what's eligible, normally they look for medical assessments.

If you think you may be eligible for this, let us know by reply email and we can advise further.

If you provide finanical support to relatives who are elderly or infirm, then you could be due the Dependent Relative Tax Credit.

The Financial support must be for a person earning less than approximately €16k pa, and the money must be used for cost of living expenses. If you are paying for the relatives medical expenses, you can claim these separately under the Medical Expenses Tax Credit.

The Dependent Relative Tax Credit can be claimed for up to 5 people and is worth €70 for the year 2020 where eligible. From 2021 to 2023 the Tax Credit increases to €245.

If you think the Dependent Relative Tax Credit may be applicable to you just let us know by reply email and we will send some additional questions to check your eligibility.

The Age Credit is available when either you, your spouse or civil partner, are aged 65 or over, or reach 65 years of age, at any time during the tax year. The credit is worth €245 for a single person or €490 where jointly or separately assessed.

This credit is normally applied by Revenue automatically as your date of birth is on record but if you think it hasn't been just let us know and we can double check.

You may claim tax relief in respect of the cost of certain medical expenses paid by you, as long as you have the receipts and these expenses have not been reimbursed by your medical insurance or the HSE. You can also claim for health care received outside Ireland!

Items of common Medical expenses include (this list is not exhaustive):

Doctor and consultant fees
Drugs or medicines prescribed by a doctor, dentist, or consultant (prescriptions)
Hospital treatment
Physiotherapy or similar treatment prescribed by a practitioner (referral letter required)
Laser-eye surgery
Speech and language therapy
Ambulance fees
Maternity care
Nursing home expenses
IVF treatment
Cost of purchasing medical appliances - including hearing aids
and more...

Some exclusions - You cannot claim relief on routine dental care, for eye tests or cosmetic surgery or procedures.

You can claim Tax Relief on these then at the standard rate of tax of 20% - so for every €50 receipt you can claim a €10 refund back from your PAYE tax paid in the same year. Nursing home expenses are given at your highest rate of tax, 40%.

Email us your receipts! You can request a copy of your Annual Pharmacy statements from your pharmacy/chemist, instead of the individual receipts, Medical Insurance reports and individual receipts are all acceptable.

We retain your receipts for 6 years in case Revenue ever come calling for proof, so you have no need to worry.

Did you incur any non routine dental expenses during the years (eg root canals, crowns, orthodontic treatments)? To Claim a tax refund for Dental Expenses, we need a completed "Med 2 Form", signed and certified by the dental practitioner.

Routine dental expenses are not allowed - these include, Cleaning, Check-ups, Scaling, Fillings and extractions (other than of wisdom teeth.

The following dental treatments do qualify for tax relief:

o Crowns
o Veneers/Rembrant type etched fillings
o Tip replacing
o Gold posts
o Gold inlays
o Endodontics (root canal treatment)
o Periodontal treatment
o Orthodontic treatment
o Surgical extraction of impacted wisdom teeth: this qualifies for tax relief when it is undertaken in hospital.
o Bridgework

Whether you had the work done in Ireland or anywhere abroad, ask the dentist to complete a Med2 form so we can claim this tax credit.

Full Medical Card = Lower USC charge

If you had a full medical card (not GP visit card) you are entitled to pay a reduced rate of USC while in employment. If your employer or indeed Revenue is not aware that you hold a full medical card, you may not be granted your USC reduced rate.

The reduced rates apply for the whole year when your total income is €60,000 or less. If your income is more than €60,000, the standard rates of USC apply to your full income.

If you held a Medical Card at any stage during the last 4 years just let us know and we can double check if was applied to your USC deductions.

Did your employer make any contribution towards your medical insurance costs as a benefit-in-kind during the years? If your employer paid a part of your medical insurance on your behalf then you could be eligible for this tax relief.

However Employer Group Schemes, where the employer arranges for your Insurance to be paid out of your salary, but they don't pay part of it, you don't get any extra tax relief.

Get a letter from the employer stating the gross amount paid for your Medical Insurance for each year. Where your partner or children are also on the policy, they will need to break down the insurance cost by person.

Did you know you might be able to claim Employment Expenses based on your job? There are extra tax credits available for PAYE workers based on the type of job you do - there are over 200 different types of jobs where these extra credits are due.

Some are really unusual, such as Cosmetologists and Clergymen! However, more of the common ones include Bar Staff, Construction Workers & Tradesmen, Retail Staff, Firefighters, Teachers, Hotel Staff, Mechanics, Transport Workers, Nurses & Doctors, Engineers, Pilots and so on. This is one of the most common tax credits missed out on for extra refunds!

You may already be in receipt of your Flat Rate Expense but we double check this as part of our review based on the occupation provided on your application. If you think you were not getting the correct Flat Rate Expense let us know your job title or job description by reply email and we can make sure. You can check the Revenue list of qualifying professions HERE to see if your Occupation/Job is covered.

If you pay into a pension scheme directly from your bank account and not as an employer salary deduction, then you are missing out on extra tax relief. This typically happens where you sign up with a local broker to pay money, either as a lump sum or by monthly direct debit into a pension plan. These may be known as AVC's or PRSA's.

For each year since 2020 that you have paid into the PRSA/AVC, please provide a statement from the pension provider.

You might be eligible to claim tax relief on your broadband, electricity, and heating costs for the days you worked remotely.

Here's how to know if you qualify:

• You worked from home in any of the 2020, 2021, 2022 or 2023 years.
• Not reimbursed by your employer, which they can do as a tax free daily payment.

Just let us know and we'll handle the investigation for you. It's that simple!

To find out more about the Work From Home Tax Credit just click on the button below.