Tax Credits Non-Refundable Tax Credits Deducted from total tax before refundable credits are deducted Cannot produce a refund when deducted from total tax Arise due to personal circumstances or certain expenses incurred

Tax Credits Personal Tax Credits Single €1,650 Married/Civil Partnership €3,300 Widowed (no dependent children) €2,190 Single Person Child Carer €1,650

Tax Credits Single Person Child Carer Tax Credit Single, Separate or Widowed individual Maintains qualifying child Claimed by the primary carer Cannot claim if: Parent is cohabiting Parent is entitled to married credit or widowed person’s credit in year of bereavement

Tax Credits Single Person Child Carer Tax Credit Qualifying child: Under 18 years of age Over 18 and in full time education or training for a trade or profession for period of not less than 2 years Permanently incapacitated And Is child of claimant or in custody of claimant, and maintained by claimant

Tax Credits Additional Widowed Parent Tax Credit Qualifying child must reside with claimant Claimant must not be remarried Claimant not cohabiting Available in addition to one parent family credit

Tax Credits Additional Widowed Parent Tax Credit Credit is claimed for the 5 years after the year of bereavement Year 1 €3,600 Year 2 €3,150 Year 3 €2,700 Year 4 €2,250 Year 5 €1,800

Tax Credits Home Carer Tax Credit Available for jointly assessed married (civil partnership) couple only One spouse must care for a dependent Normally dependent resides with couple Home carer with income of less than €7,200 qualifies for full credit of €1,000 Credit not available when income exceeds €9,200

Tax Credits Home Carer Tax Credit Where home carer’s income is between €7,200 and €9,200 the credit is restricted as follows: €1,000 less ((€Income - €7,200)/2)

Tax Credits Age Tax Credit €245 for single person, €490 for married couple Full €490 credit for married couple given when one spouse reaches 65 in the tax year, no further credit when second spouse turns 65

Tax Credits Blind Persons Tax Credit Credit of €1,650 when either spouse is blind for all or part of the year Where both spouses are blind the credit is €3,300

Tax Credits Employee (PAYE) Tax Credit Employees who receive income under Schedule E entitled to this credit Full Credit is €1,650 but must have Schedule E income of at least €8,250 Schedule E income under €8,250 is multiplied by 20% to get the amount of the credit

Tax Credits Employee (PAYE) Tax Credit Proprietary directors are not entitled to this credit Spouse of proprietary director not entitled to credit if he/she works for same company A spouse of a self-employed individual, employed by the self-employed individual is not entitled to the credit A child of proprietary director will qualify for the credit if they work full time for the company and earn at least €4,572 from the employment

Tax Credits Earned Income Tax Credit Available to individuals who have earned income (trade, profession or employment) but not entitled to the Employee tax credit Earned Income tax credit is €550 If an individual qualifies for both Earned Income tax credit and the Employee tax credit the maximum amount that can be claimed in respect of both credits is €1,650

Tax Credits Earned Income Tax Credit The individual must have at least €2,750 earned income in order to qualify for the full credit If the qualifying income is less than €2,750 the credit is calculated as 20% of the qualifying income

Tax Credits Incapacitated Child Credit €3,300 Child under 18 and permanently incapacitated Child over 18 but became permanently incapacitated before 21 or before completing full time education Credit can be split proportionally

Tax Credits Dependent Relative Credit €70 Available where a person maintains at their own expense: A relative or spouses relative incapacitated by old age or infirmity A widowed parent of the taxpayer or their spouse A son or daughter who resides with the taxpayer and the taxpayer is dependent on

Tax Credits Dependent Relative Credit Dependent relative cannot have income of more than €14,060

Tax Credits Rent Tax Credit Where taxpayer rents his/her main residence Calculated as 20% of lower of: Rent paid Specified limit

Tax Credits Rent Tax Credit Specified Limits Single under 55 €400 Single over 55 €800 Married under 55 €800 Married over 55 €1,600 Credit to be phased out by 2018 with reducing specified limits

Tax Credits Third Level Education Tax Credit Approved College and Approved Course Relief for Tuition Fees only First €3,000 of fees for full time course and first €1,500 of fees for part time course do not qualify for relief Maximum amount of fees on which relief is available is €7,000

Tax Credits Third Level Education Tax Credit Calculated as follows: Determine the amount of qualifying fees (Lower of amount paid or €7,000) Deduct €1,500 (part-time course) or €3,000 (full-time course) Multiply the remainder by 20%

Tax Credits Medical Expenses Tax Credit Credit is calculated as 20% of qualifying expenses A number of medical expenses qualify Qualifying expenses reduced by any reimbursed amounts