Seafarers Tax Credit
Seafarers who are absent from the State on a seagoing ship for at least 161 days per year are entitled to an additional tax free allowance of €6,350 per annum.
Seafarers who are absent from the State on a seagoing ship for at least 161 days per year are entitled to an additional tax free allowance of €6,350 per annum.
This tax credit is available if a person maintains at their own expense a relative of his, or his wife if married, who is incapacitated by old age or infirmity from maintaining himself, or his or his wife’s widowed mother, or his son or daughter who is resident with him and upon whom he is dependant by reason of old age or infirmity.
No tax credit is allowed if the income of the dependant relative exceeds a specified limit. The actual amount of the tax credit is not very significant being only €70 per annum.
This allowance is treated as a deduction from your income and is claimable where you employ a person to take care of a family member who is totally incapacitated by old age or infirmity.
You can employ a carer through an agency or directly. If you directly employ a carer you will have to register for PAYE/PRSI and operate PAYE on the salary paid to the carer.
The maximum amount qualifying as a tax deduction against your income is €75,000.
This is a very valuable tax relief – remember you can go back four years to claim relief you are due if you have not already done so.
This allowance is treated as a deduction from your income and is claimable where you employ a person to take care of a family member who is totally incapacitated by old age or infirmity.
You can employ a carer through an agency or directly. If you directly employ a carer you will have to register for PAYE/PRSI and operate PAYE on the salary paid to the carer.
The maximum amount qualifying as a tax deduction against your income is €75,000.
This is a very valuable tax relief – remember you can go back four years to claim relief you are due if you have not already done so.
JobsPlus Incentive Scheme
This scheme replaced the Revenue Job Assist Scheme (see below) from 1 July 2013.
This is a grant based incentive for employers to employ those who have been unemployed for greater than 12 months and provides 2 types of payments –
Income received by an employer under JobsPlus will be disregarded as revenue/income for corporation tax / income tax purposes.
Revenue Job Assist
This scheme ended on 30 June 2013
This was a special tax deduction for persons who were unemployed for a continuous period of at least 12 months. The allowance was on a tapering basis over 3 years as follows:
|
Personal Allowance |
Child Allowance |
|
|
Year 1 |
€3,810 |
€1,270 for each qualifying child |
|
Year 2 |
€2,540 |
€850 for each qualifying child |
|
Year 3 |
€1,270 |
€425 for each qualifying child |
The amount of this tax credit is €3,300 for the tax years . The credit is available for each qualifying child.
The credit must be claimed from the tax office. The child must be under 18 years of age and be permanently incapacitated by reason of mental or physical infirmity.
If over 18 the child must have become permanently incapacitated before reaching the age of 21 years or when they were in receipt of full time education. When a credit is claimed for a child who has reached 18 years of age, the amount of the credit is restricted to the actual amount spent on the maintenance of the child if this is less than the maximum tax credit available for that tax year of assessment. A child includes a stepchild and an adopted child.
A medical practitioner must state on a Form ICC2 that there is a reasonable expectation the degree of incapacity will prevent the child from maintaining himself or herself over 18 in order to claim the credit.
The tax relief for home service charges/ refuse collection charges has been abolished for tax year 2012 onwards.
You can tax relief for tax years up to 2011 based on the amount paid in the previous year. In other words there is no tax relief for charges paid in 2011 which would have been allowed in 2012.
Income tax relief was available for individuals who paid local authority and other service charges. Relief was given for service charges paid in full and on time in the previous calendar year. The amount of the tax relief was 20% of the amount paid.
The maximum amount which qualified for tax relief was €400 which equated to a tax credit of €80.
This tax credit has been abolished from 2011 onwards.
The maximum amount of the tax credit available was €70 for 2008, 2009 and 2010.
You must have been renting a property as your residence on the 7th December 2010 to be allowed claim tax relief for later tax years.
The rate of tax relief is being phased out over the years 2010 to 2017. There will be no tax relief allowed after 2017.
Tax relief is due at the standard rate of tax (20%) for rent paid during the tax year in respect of a property used as your private residence. There is a ceiling on the amount of the tax relief that you receive. This ceiling depends on age (under 55 ) and if single or married/in a civil partnership.
The maximum tax relief for 2015 is as follows
Under 55 and single – €120
Age 55 + and single – €240
Under 55 and married – €240
Age 55 + and married – €480
The maximum tax relief for 2016 is as follows
Under 55 and single – €80
Age 55 + and single – €160
Under 55 and married – €160
Age 55 + and married – €320
Our tax calculators will automatically give the tax relief you are due when using our systems to complete your tax return form.
You must have been renting a property as your residence on the 7th December 2010 to be allowed claim tax relief for later tax years.
The rate of tax relief is being phased out over the years 2010 to 2017. There will be no tax relief allowed after 2017.
Tax relief is due at the standard rate of tax (20%) for rent paid during the tax year in respect of a property used as your private residence. There is a ceiling on the amount of the tax relief that you receive. This ceiling depends on age (under 55 ) and if single or married/in a civil partnership.
The maximum tax relief for 2015 is as follows
Under 55 and single – €120
Age 55 + and single – €240
Under 55 and married – €240
Age 55 + and married – €480
The maximum tax relief for 2016 is as follows
Under 55 and single – €80
Age 55 + and single – €160
Under 55 and married – €160
Age 55 + and married – €320
Our tax calculators will automatically give the tax relief you are due when using our systems to complete your tax return form.