Maximise Your Tax Savings: Discover Available Tax Credits and Reliefs in Ireland | FDC Group
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Maximise Your Tax Savings: Discover Available Tax Credits and Reliefs in Ireland

Article by Ann McCabe.

  • 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.

Read full article here.

Ann McCabe is an accountant with FDC in Bandon,

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