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€420 million in Relief going unclaimed by the taxpayer each year! |
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Though lots of people find themselves struggling for every euro, many of you may not be aware of the savings that you can make when filing your tax returns this coming 31st of October. It is estimated that up to €420 million is going unclaimed by taxpayers each year.
I detail below an overview of the avenues of relief available to you. I hope that the information provided will assist you in obtaining your saving potential in these challenging times.
If I can be of any assistance to you in these matters, please do not hesitate to contact me.
Relief:
1) Rent-a-room relief
2) Childcare Services
3) Rent Relief for Private Rented Accommodation
4) Tax Relief for Home Mortgage interest (granted at source)
5) Relief for Improvements/Repairs/Non secured Home Loans (claimed by end of year review)
6) Relief on Medical/Health Insurance premiums at source or Revenue approved health Benefit schemes
7) Revenue Job Assist
8) Service (Bin) Charges (can be claimed for up to 4 years)
9) Home Carers
10) Trade Union Subscriptions
11) Health/Medical Expenses Relief (can be claimed for up to 4 years)
12) Tuition Fees
13) Covenants
14) Leasing Farmland
15) Pension Contributions
16) Redundancy & Retirement Annuities
17) Maintenance Payments
18) Business Expansion Scheme
19) Systematic Short Term Workers Relief (Income Tax Exemption for Jobseekers Benefit Recipients)
See www.revenue.ie for further information.
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