Revenue wants to make sure that everyone knows about the tax credits, reliefs and exemptions they are entitled to. Revenue wrote to some people recently telling them that they might be entitled to a tax refund going back as far as 2014.
If you think that you might also be due a tax refund for the year 2014, you need to submit a claim to Revenue before midnight on 31 December 2018. If you don’t want to miss out, submit your claim to Revenue before then.
Here are just a few reasons why you might be due a tax refund.
- Age Tax Credit
This is a specific tax credit for people who are 65 years or older.
If you are single, widowed, or a surviving civil partner, the amount of Age Tax Credit is €245 per year. If you are married or in a civil partnership, and either of you is 65 years or older during the year, the Age Tax Credit is €490 for the couple.
If you or your spouse or civil partner is 65 years or over, look at your Tax Credit Certificate (TCC) and see if you have the Age Tax Credit. If not, you may need to contact Revenue and give them date of birth details. Once Revenue has this information the credit will be automatically granted from then on.
- Age Exemption
There is an income tax relief called ‘Age Exemption’ that’s available to people who are 65 years and over.
If you are 65 or over, single, widowed or the surviving partner of a civil partnership and your total income is no more than €18,000 a year, you can claim Age Exemption tax relief. This means that you don’t have to pay income tax if your income is below €18,000.
If you’re married, or in a civil partnership, one of you is at least 65, and your total income combined is no more than €36,000 you can also claim this tax relief.
If there are any dependent children, these income limits are increased by €575 per child for your first 2 children, and €830 per child for each additional child.
If your total income is more than the relevant exemption limit, you may still be able to claim marginal relief. This relief applies where your total income is less than twice the exemption limit. For more information on this log onto the revenue website www.revenue.ie or contact your local tax office at 01-7383636 (Mon to Fri between 9.30 am and 4 pm).
- Nursing home fees
- Have you paid nursing home fees, in full or in part, either for yourself or another person?
- Does the nursing home provide 24-hour on-site nursing care?
- Have you paid income tax?
If you answered ‘yes’ to each of these questions, then you can claim a tax refund for that year. You can also claim for any related medical treatment expenses.
If someone else paid nursing home fees for your care that year, and they paid income tax, then that person can claim a refund for the amount that they paid.
How much can I claim?
You can claim the income tax relief on nursing home expenses at the highest rate of income tax that you paid during the year of the claim.
Here’s an example –
If you paid income tax at the rate of 20% in 2014 and paid €10,000 for nursing home expenses that year, you can claim a tax refund of up to €2,000 (20% of €10,000).
If you paid income tax at the higher rate for any part of the year, you will be able to claim all or part of the tax refund at that rate. (The higher rate of tax in 2014 was 41% but has been 40% since then.)
However, you must have paid income tax in the year of the claim and you can’t get more tax back than you paid.
When should I claim?
If you paid income tax in 2014 and believe that you are entitled to claim Age Tax Credit, Age Exemption, Nursing Home Expenses, or any tax credit or relief, you must submit your claim to Revenue now.
You can also claim for 2015, 2016, and 2017.
How do I claim?
The quickest way to make a claim is to use Revenue’s online services. Go online and log onto the revenue website www.revenue.ie. Then log into:
- the myAccount online services to submit a Form 12 (PAYE) tax return for the year of the claim. You can do this by following these steps:
- sign into myAccount
- click on 'Review your tax' link in PAYE Services
- select the Form 12 for the year you wish to claim for.
- ROS (Revenue Online Service) to submit a Form 11 (self-employed) tax return for the year of the claim. You can do this by following these steps:
- sign into ROS
- click on 'File a Return Online’
- select the Income Tax and Form 11 for the year you wish to claim for.
If you are unable to use the online services, you can ring your local tax office at 01-7383636 (Mon to Fri between 9.30 am and 4 pm). For more information about these and other tax reliefs or credits you may be entitled to, go to the Revenue website www.revenue.ie.