Friday 18th May 2012

Category Archives: Tax Refunds

Maintenance Payments –How it affects your Income levy and PRSI

Firstly, how maintenance payment is treated for Income Levy depends on whether you have voluntarily agreed to pay maintenance or if there is a legally enforceable agreement Continue reading

Posted in Health Levy, Income Levy, Paye Tax, PRSI, Single Parents, Tax Refunds Tagged , , , , , , , 2 Comments

Child Benefit – Proposed changes

The Commission on Taxation’s job was to make suggestions across the spectrum of tax and social payments and Child benefit is proving to be one of the most vexing issues. But they will be recommending to the Government next week that Child Benefit is made taxable. How would Taxing Child Benefit work? Continue reading

Posted in Budget 2012, Home Carers, Paye Tax, Self-Employed & Directors, Single Parents, Tax Refunds Tagged , , 7 Comments

Calculate my Mortgage Interest Relief

So you have a new/existing mortgage or loan relating to your home and want to know how much you are due in mortgage interest relief. there are 3 questions you need to ask yourself in relation to this: Have I … Continue reading

Posted in Mortgage Interest Relief, Paye Tax, Self-Employed & Directors, Tax Refunds Tagged , , , , 2 Comments

Mortgage Interest Relief – are you a 1st time Buyer?

So much changed for mortgage holders in the April 2009 emergency Budget. Many who previously had mortgage interest relief lost it, and for others the amount they received changed. We have already looked at eligiblility in a previous post (Here). … Continue reading

Posted in Mortgage Interest Relief, Paye Tax, Self-Employed & Directors, Tax Refunds Tagged , , , , , 1 Comment

Mortgage Interest Relief – is my loan eligible?

Following the emergency budget in April 2009, a number of changes were made to mortgage interest relief. These affected Who is eligible for mortgage interest relief How much relief you will get We’re going to look at who is eligible … Continue reading

Posted in Mortgage Interest Relief, Self-Employed & Directors, Tax Refunds Tagged , , , , 2 Comments

DIRT Tax refunds for over 65′s

If you are over 65, you may not need to pay DIRT (Deposit Interest Retention Tax) on your deposit income. Exemption limits: As of 2009, if you earn less than €20,000 as a single person, or €40,000 as a married … Continue reading

Posted in DIRT tax, Income Tax, Paye Tax, Self-Employed & Directors, Tax Refunds Tagged , , , , , , , 3 Comments

Tax Refunds for Management Fees

Are you Renting or a Home owner and paying management fees? Not all of your apartment or home management fees are worth a tax credit, but they could still be worth a few quid. If your management fee includes the … Continue reading

Posted in Bin & Service Charges, Income Tax, Paye Tax, Tax Refunds Tagged , , , , , , , , Leave a comment

Medical Insurance tax credit

Probably the least understood of the common Tax Reliefs is the Medical Insurance Tax Relief – so many people miss out on this tax relief! How does it work? If you pay for Medical Insurance to an Insurer direct or … Continue reading

Posted in Medical Expenses, Medical Insurance, Paye Tax, Tax Refunds Tagged , , , , , , , , , , Leave a comment

DWT Dividend Tax Exemption for Over 65′s

What is DWT
DWT, or Dividend Witholding Tax, is deducted from dividends paid by Irish companies. If you are in receipt of Irish dividend income, DWT is deducted at 20% – this is taken out of the dividend you have received, which you can confirm in your dividend certificate. This 20% is then used as an offset against your income tax liability. Continue reading

Posted in Income Tax, Paye Tax, Self-Employed & Directors, Tax Refunds Tagged , , , , , , , , , Leave a comment

Tax on ISEQ ETF Dividends

While most dividends are taxable in Ireland at your highest rate of tax, one very popular dividend paying investment in Ireland does not. However, many people will miss out on this advantage if they do not complete there tax returns … Continue reading

Posted in Income Tax, Paye Tax, Self-Employed & Directors, Tax Refunds Tagged , , , , , , , Leave a comment

Are you paying the Income Levy when you should be Exempt?

The Income Levy was introduced for 2009 and within 4 months was doubled for most people in the April 2009 Budget.  But should you be paying Income levy? It’s worth checking if you are exempt from the income levy.  You … Continue reading

Posted in Employment Expenses, Income Levy, Paye Tax, Tax Refunds Tagged , , , , Leave a comment

PAYE Taxpayers missing out on Tax Credits – Survey

The Irish Taxation Institute (ITI) in conjunction with Red C have released a survey of PAYE taxpayers in Ireland, with the following main points: 40% of Irish taxpayers are not claiming basic reliefs due to them 19% of Irish taxpayers … Continue reading

Posted in Income Tax, Medical Expenses, Paye Tax, Red Oak Tax Refunds News, Rent Relief, Tax Refunds Tagged , , , , , , , Leave a comment

PAYE Workers Overpaying Tax

Please find a copy of our press release of the 4th April 2009

Red Oak Tax Refunds urge PAYE workers to claim money owed to them
John McGuinness Tax
John McGuinness TD, Minister for Trade & Commerce speaking at the Red Oak Tax Refunds Launch

PAYE workers afraid of what the mini-budget has in store may already be overpaying hundreds of euro each in unclaimed refunds, according to Irish tax refunds firm Red Oak Tax Refunds.

Hundreds of thousands of workers who every year pay union fees, refuse charges and medical expenses for example don’t claim relief on the payments – with millions of euro remaining unclaimed every year.
Continue reading

Posted in Income Tax, Paye Tax, Red Oak Tax Refunds News, Tax Refunds Leave a comment