Tax credits or reliefs reduce the amount of tax you have to pay but many people miss out as they either don’t know what they are due or think the process of applying for a refund would be too complicated.But you could be missing out on hundreds or thousands of euros, as experts at Taxback.com said the average Irish tax refund is €1,880.
Medical bills You can claim 20% tax relief on a long list of medical and health expenses such as GP appointments, prescriptions, and treatment from a qualified psychologist or psychotherapist for your mental health. You get a refund of 20% of the cost, meaning if your medical bills throughout the year added up to €500, you would get €100 back as tax relief.
College fees You may be able to claim tax reliefs on third level tuition fees paid for undergraduate or postgraduate courses as well as IT and foreign language courses. You can claim tax relief as long as you have paid the fees, either on your own behalf or on behalf of another person.The maximum amount you can claim is €7,000 per course, per person, per academic year. If you subtract the first €3,000 you are left with a possible €4,000 to claim at 20% - which is €800 in tax relief.
You can also claim relief on the cost of employing a professional home nurse - but this can only be claimed at the standard rate of 20%.Nursing homes fees can amount to around €50,000 a year. If you can claim back tax at the higher rate of 40%, you could be eligible for tax relief of up to €20,000.