Seven Ways to Claim a Tax Rebate
22 May 2020
Right now, many need all the financial help they can get. According to the tax refund services in Ireland, the average refund for anyone who applies for tax back is between €900-€1,100 and with millions of euros of expenses going unclaimed every year, why not see what you might be entitled to? A little could go a long way.
To help get you started, we’ve compiled main and most popular areas you can claim back. If you’re in financial difficulty and need to talk, you can always contact your local credit union here. We’re here to help.
1. Doctor Costs
Medical expenses is the single most popular tax relief that goes unclaimed every year; you can claim 20% back on most of your doctor or dentist fees (except routine dentist e.g. filing/cleaning tooth extraction). Everything else qualifies.
In order to claim your tax back, you must register with PAYE.ie, and set up an account. You can then click on review your tax for the relevant years, and claim an income tax return for each year. They will be under medical expenses.
2. Education Fees
If you studied a third level course (it can be full time or part-time) you are entitled to 20% back on your course fee, on amounts over €3,000 and up to €7,000. If you paid for the course for a child, you are still entitled to this tax back. For more info on tuition fee tax relief click here.
3. Special Diets
If you are coeliac or lactose intolerant, you can claim money back on the cost of foods tailored to your diet, e.g. soya products/gluten free food; just keep the receipts. You will need to provide the Revenue with a letter from your doctor.
4. Work Equipment or Uniforms
If you are employed and have to supply and/or launder your own uniform or tools or stationary, you could be entitled to tax relief. It is called flat-rate expenses. Employers who provide this equipment can also claim back tax. You can see what professions are eligible here.
5. Stay at Home Parent
A married couple, which one is working in the home caring for children or another dependent person, are entitled to tax relief. It is based on the household income. It is called the Home Carer Tax Credit.
6. Change of Job
Over-paying tax can most likely happen when you have changed jobs, but it can happen in other scenarios also – it could be your tax credits are just not accurate – you could have over paid or underpaid tax. Each year, you should request a balancing statement (P21) from the revenue anyway, so they can reissue you a refund if you have paid too much. (Sometimes, you can pay too little, and they will charge you, so be careful!)
7. Rent-A-Room Relief
If you rent out a room or flat in your home you are exempt from income tax on the amount that your tenant pays you for rent and other services, up to €14,000 in a tax year. The relief applies only to residential tenancies, not to short-term guest arrangements. The relief can also apply to a self-contained unit (such as a basement flat) if it is part of, or is directly attached to, your home. You are not eligible for Rent-a-room relief if you are renting the room to an adult child.