Are You Missing Out On This Tax Credit?

If you’re married or in a civil partnership and one spouse stays at home to mind the kid(s) or a dependent relative, then you may be able to claim.

Staying at home with the children? You may be able to avail of the Home Carer’s Tax Credit.

What you may not know is that the Home Carer’s Tax Credit is not just available for those caring for other people’s children, the elderly or disabled people.

If you’re married or in a civil partnership and one spouse stays at home to mind the kid(s) or a dependent relative, then you may be able to claim.

So calling all families, homemakers, housewives and househusbands – you may be in line for a sizeable refund!

You can apply here!

Who can claim the credit?

The home carer’s tax credit is available to any jointly assessed couple with one or more child or dependent, where the carer has an income of less than €7,200 in 2016 (€5,080 for 2015).  

Is it worth finding out if you can claim?

We think so! It’s now more valuable than ever to find out what you’re due because the credit recently increased from €810 to €1,000 in Budget 2016. And you can claim for the last 4 years.

Who is considered a dependent person?

  • Child who qualifies for Child Benefit
  • Person aged 65+
  • Person with a physical/mental disability requiring care
  • Cannot be your spouse or civil partner but can be relative by marriage or someone for whom you are a legal guardian

What are the rates?

If the carer’s income is less than €7,200 then the full tax credit is due. However, if the carer’s income is between €7,200 and €9,200 then there is a reduced rate of tax relief available. 

In this case the difference between the actual income and €7,200 is calculated and this is then halved.  If the home carer's income is €9,200 or more during 2016, you cannot claim.

Rates by income:

How to claim?

The credit can be claimed for the last 4 years, however it can be confusing to know if you’re eligible and exactly how much you can claim for each year.

Taxback.com can help! They can check if you’re due the credit and also calculate what tax treatments will be most beneficial to you and your spouse!

Click here to apply or email [email protected]  because you shouldn’t miss out! 

Watch this clip from the TV programme on RTE2 called ‘My Money & Me’ featuring Taxback.com's Senior Tax Manager, Barry Flanagan, where he offers advice on tax reliefs for stay-at-home parents. 
Thanks to Ciara Kennedy from Taxback.com for this insightful information!
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