Maximise Your Tax Savings: Discover Available Tax Credits and Reliefs in Ireland
- In Ireland, employees have their taxes automatically deducted by their employers (PAYE, USC, PRSI).
- Self-employed individuals must submit a Form 11 themselves or through their accountant to ensure proper tax credits.
- Additional tax credits and reliefs may be available depending on your situation.
- Main tax credits include Home Carer, Single Person Child Carer, Widowed Person, Age, Incapacitated Child, and Rent.
- Tax reliefs can be claimed for Medical Expenses, Third Level Education Fees, Rent a Room, and Pension Contributions.
- Visit the Revenue and Citizens Advice websites for detailed information on available credits and reliefs.
- Access your tax credit certificate and claim additional tax credits online via Revenue myAccount.
- Discuss with your accountant the possibility of utilizing these credits and reliefs.
- Be aware of the credits and reliefs you are entitled to, avoiding false claims to prevent future tax liabilities, interest, and penalties.
- Take control of your taxes and explore available tax credits and reliefs today. Contact FDC Group for expert advice and assistance.
Ann McCabe is an accountant with FDC in Bandon,