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You might be due a tax refund

Written by: Mary Morris
28/01/2019

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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.

  1. 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.

  1. 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).

  1. 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.

 

 

 

 

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You might be due a tax refund

 

 

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.

World Refugee Day

 Today, June 20th is World Refugee Day. The number of people fleeing war, persecution and conflict exceeded 70 million in 2018. This is the highest level that UNHCR, the UN Refugee Agency, has seen in its almost 70 years. Data from UNHCR’s annual Global Trends report, released this week shows that almost 70.8 million people are now forcibly displaced. To put this in perspective, this is double the level of 20 years ago, 2.3 million more than a year ago, and corresponds to a population between that of Thailand and Turkey.   Today, older refugees make up some 8.5 per cent of the overall population of concern to UNHCR, and by 2050 more of the world will be over 60 than under 12. Older refugees experience an additional burden due to their age and associated conditions. In a report published by the Centre for Policy on Ageing and Age UK, they identified that “the main issues facing older refugees and asylum seekers are low income, the language barrier, the risk of loneliness and a lack of social networks, and possibly a loss of social status”.  Reduced mobility and a high number of chronic medical conditions also greatly impact the life of an older refugee, as adequate and culturally appropriate healthcare is often difficult to access. As well, throughout their time in refugee shelters, older refugees are also more likely to experience social disintegration, the impact of negative social selection and chronic dependency on the resources of refugee shelters. According to the International Federation on Ageing “The contributions of older refugees can have far-reaching impacts on the preservation of the cultures and traditions of disposed and displaced people. The wisdom and experiences of older refugees must be harnessed through formal and informal leadership roles, to improve the welfare of all refugees”. Marion MacGregor, writing for InfoMigrants says “Older refugees can be seen as an asset, rather than simply requiring special care. In many families, it falls to them to look after children so that their parents can work….. Older people are transmitters of culture, skills and crafts that are important in preserving traditions of displaced people. The resilience of older people can help to strengthen communities and they can contribute to positive and peace-building interactions with the local host communities.”