Ballyhoura Enterprising Network Blog


Tax Refunds for PAYE workers

Posted in Uncategorized by Frank Wharton on July 19, 2010

YOU MAY BE ENTITLED TO TAX RELIEF ON :

  • Mortgage interest for the house in which you live– if you bought your first house within the last 7 years
  • Medical Expenses 20% of the amount paid.
    • Not apply to routine dental and optical work
    • Nursing home, maternity
    • Keep receipts
    • Claim VHI/BUPA first
    • Form Med 1 available from Revenue
  • Medical insurance paid on your behalf by your employer. 
  • Wheelie bin charges (amount paid by 20%) capped at €80
  • If you are renting accommodation
  • If you have paid a pension (barring one paid through your employer’s payroll).
  • Trade union subscriptions- €70 per year
  • Professional subscriptions and any expenditure necessary for your job e.g. Medical indemnity for doctors 
  • Certain College fees – course must be over 2 years.- approved college
  • Certain donations to charities and sports bodies
  • Over 65s can earn up to €20,000 if single and €40,000 if married free of Income Tax and Income Levy. If you are over 65 and in receipt of a pension / deposit interest you may be entitled to a refund.    
  • Certain trades are entitled to flat rate expenses eg. a nurse who provides and washes her own uniforms gets €733 x 20% = €146 per annum.  
  • You may also be entitled to relief if you are married and the lower earning spouse is earning less than €27,400 or is not working at all.

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