Maximize Your Irish Tax Refund This Summer with Taxback
Claiming your tax refund is never an easy process.
However, by taking care of your tax responsibilities you could be able to claim quite a substantial refund.
The average Irish tax refund with Taxback is €1,880. And with summer here, there’s no better time to claim your tax back in Ireland!
Whether it’s saving for a vacation or treating yourself to a shopping spree, there’s so much you could do with your refund.
That’s why we have created this blog for those of you who are looking to claim their summer tax refund!
Download your FREE Irish Tax Guide
Am I due a refund?
That depends on a variety of factors!
You could be due Irish tax back from a range of different sources, such as if you paid tuition fees or overpaid tax on your wages.
As a PAYE worker, you may be able to claim tax back on certain expenses - these include:
Tuition fees
If you paid tuition fees for yourself or on behalf of a loved one, you may be able to claim a portion of it back!
Also, there is no limit on the number of individuals you can claim back for!
Essentially, if you or your parents are paying for more than one child to go to college, you can claim back on a portion of the costs of all of them!
You can secure tax back by claiming for fees paid on:
-
Undergraduate courses
-
Postgraduate courses
-
IT and foreign language courses
If you want to learn more on how to claim tax back on your college fees, read our blog here.
Flat rate expenses
A Flat Rate Expense is a tax relief available to workers in certain relevant occupations.
Flat Rate Expenses exist in order to help with the costs of some of the necessary aspects of the job - for instance, uniforms, tools and equipment.
Each occupation has a specific rate – more for some, less for others.
The lowest Flat Rate Expense that is available is for Cabin Crew at €64 and the highest Flat Rate is for members of the RTE National Symphony Orchestra and RTE Concert Orchestra - €2,476.
For more info on flat rate expenses read our blog here.
Medical/dental expenses
Tax relief is available at 20% for a huge range of medical and dental expenses in Ireland.
And yet, astonishingly, only 4 in 10 Irish households claim back on their available medical/dental expenses each year!
Especially with the average Irish family spending €2,600 on medical and dental bills per year, you can see how you could be owed a lot of cash for your appointments.
It’s really easy to claim tax back on things such as - doctor and consultant fees, prescriptions, ambulances, physiotherapy, and diagnostic procedures.
Find out more about what medical reliefs and what you are entitled to at our blog here.
You may have overpaid tax
This is one of the more popular reasons Irish workers claim their tax back.
If you earn €35,300 or less, you will be taxed at 20%.
However, if you start a new job, you may be put on emergency tax if you do not provide necessary details of your employment to Revenue.
Generally, paying anything over the stated 20% if you earn less than €35,300 is considered an overpayment.
You can find out how much you’re due by using our online tax calculator.
E-worker tax relief
If you work from home either full or part-time, you may be entitled to claim tax back on some of the costs associated with it.
You may also be able to claim even if your week is split between your home and an office.
However, you cannot claim this relief for work you bring home outside of your working hours.
Essentially, employers can pay €3.20 tax-free a day to all of their employees to cover costs associated with working from home, such as broadband and heating.
However, employers do not have an obligation to make this payment to their employees.
The employee is entitled to claim the following:
-
Electricity and heat - 10% of the cost of electricity and heat on the number of days worked from home over the year
-
Broadband - 30% of the cost of broadband apportioned on the number of days worked from home over the year
You can find out more about working from home tax relief at our e-worker blog.
Home Carer Credit
It can be a huge financial burden to care for an ill or dependent loved one.
However, not many people are aware that tax relief is available for those who pay for the cost of caring for a relative such as a child or ill parent.
Here are some examples of reliefs that frequently go unclaimed:
-
Medical and dental expenses
-
Home carer’s tax credit
-
Nursing home care fees
-
Stay-at-home parent credit
-
Incapacitated child credit
How to get your tax back
You can claim your tax refund in Ireland directly yourself.
Many people often avoid this and miss out on their refunds, as the process can be quite tricky - especially if you have never done it before.
If you are unsure how to file a tax return by yourself, you’re not alone, and that’s where Taxback can help you get your tax back!
You can trust Taxback's experienced tax agents.
We will deal with all the paperwork and make sure you receive the maximum tax refund you’re entitled to.
Download your FREE Irish Tax Guide
Got questions about your tax refund?
Fear not! You are not alone.
If you have questions about your tax return, feel free to talk to our tax agents in our Live Chat office.
We will be on hand 24/7 to answer all your queries!