Are You Due A Tax Refund?
Every year the Revenue estimate there are millions of possible tax refunds left unclaimed. As the average refund is in excess of €500 filing a return is worth following up.
In the past when things were good people did not bother lodging returns. However surely in these recessionary times its worth checking if you have you a claim.
If there have been any changes in your personal circumstances check out that these have been reflected on your Tax Credit Certificate. The tax deducted by your employer is calculated based on this certificate. So if this Certificate is incorrect your tax deductions may be too high.
Some of the more common items left unclaimed are as follows:
- Medical and dental expenses
- Rent relief
- Medical insurance
- Tuition fees
- Trade union fess
- Bin and water charges
- Single parent allowance
- Home carers allowance
Also it is worth remembering that you can claim back refunds for 4 years.