Red Oak Tax Refunds Blog

Latest News on Income Tax, Tax Refunds and money matters in Ireland

Credit Union Loans for Home improvement

Tax Relief on Home Improvement Loans
Did you know you can claim tax relief on the interest paid on a loan used by you to purchase, improve, repair or develop your main residence or to pay off another loan used for that purpose?  We have previously discussed Mortgage Interest relief but not many people know that [...]

Medical Expenses Abroad & Tax Relief

Have you been abroad for medical Treatment? Many foreign nationals working in Ireland travel back to their home EU country for any required medical treatments. And of course, medical tourism abroad for Irish people is a huge business judging by the number of foreign doctors advertising here.  We discussed Tax Relief claims for Medical expenses abroad in [...]

Looking into Medical Expenses

We all know that an apple a day keeps the doctor away but sometimes we all need some medical treatment regardless. Most people are aware that people who pay tax are entitled to offset a certain amount against doctor bills, prescriptions, hospital visits, etc. (if you’re not check here). As medical expenses tax relief is [...]

Single Parents Tax

Wednesday Club on Single Parents Tax Credit
Aaaaah, the Single Parent Tax Credit.  This is the tax credit that causes the most consternation in our office.  Bit like some Blur song I can’t quite remember the name of, you have people getting it that shouldn’t and people that should, not getting it.
And this isn’t some piddling [...]

What’s a Principal Private Residence then?

Principal Private Residence – Why it matters
What’s your Principal Private Residence?  This has massive tax implications across many areas of tax.  In our experience this causes a lot of confusion.
 
What is it
According to Paul Young, wherever he lays his hat, that’s his home.  There’s a bit of all of us who like that defination, but [...]

Married – How to be assessed?

Just Married?  Congrats! 
This week in the Wednesday club we spoke about how you may have potential wedding pressies from the taxman!
If your taxes are not updated you could be missing out on vital tax credits that could make a big difference to your take home pay.  For example:

If you are married you are entitled to the married [...]

Claiming for Tuition Fees

Wednesday Club Blog – Claiming Tuition Fees
When’s a Tuition Fee a Registration fee?
Of the many questions we are asked regarding tuition fees, the most common relate to the difference between Registration fees and Tuition Fees.
From a tax perspective, you will not be able to claim tax relief on Registration fees, but may be able to [...]

Mortgage Interest Relief – Wednesday Club

Wednesday Club Blog – Mortgage Interest Relief
If you are one of the many people who took the plunge and bought your home since 2002, during the infamous Celtic Tiger, you would have been entitled to claim Mortgage Interest Relief or tax relief at source (TRS). With effect from 1st May 2009 the number of tax [...]

Why you might be due Home Carers Tax Credit

Home Carers Tax Credit iinitially started as a House Wife’s tax credit, for the stay at home mum minding the children. But we more and more find that a Married couple will be due this for a partner who has been made redundant and is not working – and this can be either the Mother or Father of the house.

Single parents reviewed by Revenue

Are you a Single Parent?
Not the most complicated question I hear you say - most of us instinctively know the answer to this question and feel it true for our own situation. 
But the Revenue Commissioners take a more definite view on this. 
In Tax Terms, being a Single Parent can be of great benefit and can be [...]

Wednesday Club On Rent Tax Credit

 
 In the Wednesday club this week we were talking about RENT TAX CREDIT.  Who can and cannot claim, how much we can claim (the rates of relief), what information do we need to claim this tax credit and what we should do if our landlord is a non-resident (not many of us do know) or [...]

Latest on Service Charges Tax Credit

Latest from the Wednesday Club
Service Charges Tax Credits were the topic of conversation in the Wednesday club this week. Most of us just consider claiming tax back on our refuse charges when we think about service charges relief. However, not only can you claim for your bin tags, wheelie bins and skips but you can also [...]

Wednesday Club on Medical Insurance

Here is one tax credit that not may people are aware of – Medical Insurance Tax Relief.
Some 2.3 million people in Ireland are current subscripting to Private Health Insurance.
Most subscribers are either paying their health insurance premiums directly to their health insurer or though there salary/wage deductions at work, in this case you are automatically [...]

Employment Expenses & Trade Unions

Why have we paired Employment Expenses and Trade Unions together in the first Wednesday Club?  Well Jobs that get employment expenses tend to be Unionised.  Jobs that get great employment expenses tend to be highly, highly Unionised.
So you get occupations like retail/shop employees and the bar trade will get fairly moderate employment expenses, while teachers for example [...]

Wednesday Club Launched!

Hi to all,
How do we achieve great Tax Refunds?
Want to know one of our business secrets?
We have a fantastic record in reclaiming tax refunds and we spend a lot of time making sure those refunds are the best possible.  So instead of an average refund of €800, we can boast an average of €880.  We [...]

Air Travel tax refunds

Claiming Tax Refunds for cancelled flights with RyanAir and Aer Lingus.
In this era of cheap flights, You can travel with Aer Lingus and Ryanair for airfares of €10 or less.  So how come the ticket invariably costs at least €80.  Yes, it’s tax and charges of course.
But did you know that if you cancel a [...]

Redundancy: Incorrect calculation costs employee €16,000 in Tax

Redundancy tax calculation error results in €16,000 overpaid in tax. See examples of how redundancy tax can be calculated incorrectly.

income levy refunds

Are you due an income levy refund? Here are 8 top reasons people may be able to claim back overpaid income levy amounts in 2009. Get your Income Levy tax back now with Red Oak Tax Refunds.

10 things you should know about your 2009 P60

Welcome to 2010, your post will now start to bristle with all that 2009 summary post. Here, we’ll go through the main document you will receive around now and what it’s for.
2009 P60
Probably the most important and most talked about bit of post you will receive this time of year is your P60. [...]

Claiming Tax Back – What’s New

If you are looking to claim a tax back for 2009, the picture has changed somewhat from previous years.  Some of the changes will mean you are due less of a tax refund, other changes have increased the amount of of tax back that can be reclaimed.
These are these main changes:
More Refunds
You are still allowed [...]

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Welcome to the Red Oak Tax Refund Blog, where we will discuss money matters, tax and in particular tax refunds relating to PAYE employment in Ireland. If you have any topics you would like discussed, send us a mail to refunds@redoaktaxrefunds.ie and happy reading!.

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