Claim Tax Relief on your Medical Expenses!

Posted in: Consumer information
By info
May 16, 2008 - 5:40:19 PM

Its time to claim tax relief in those medical expenses
Why not Claim On-Line?
Most of us have medical bills. Some of these bills are covered by health insurance, some are not. Many families pay the first €85 per month of their prescription drugs costs. The Health Service pays the rest. Anything that's not refunded can be claimed as a tax relief. You send the details to Irish Revenue commision, they send you a refund cheque.

If you pay tax at 20% and have expenses of €1,000 in 2007, that's worth €200 to you. If you pay tax at 41%, your refund will come to €410.

The best way to claim is by using PAYE self service, revenues new internet service for PAYE taxpayers. If you sign up for PAYE self service you can manage your own tax from now on.

Tips
- You require details of health expenses incurred in 2007; there is no need to send receipts.
- You need details of Pay and Tax for the year ended 31 December 2007. They will be on your final payslip of 2007.
- The option to claim your 2007 expenses online will be available from 1 January 2008. So why not register now for PAYE self service, and make your claim on-line?
- It's more worthwhile claiming for 2007 because there is no longer any disallowance of the first €125 (or €250 for a married couple). Now, you can claim everything that you pay out of your own pocket.
To apply go to:   Tax Relief on medical bills