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Will my JSB be reduced by claiming a tax refund i.e P50

  • 25-06-2012 2:14pm
    #1
    mgc2012
    Registered Users Posts: 5 ✭


    As above


Comments

  • #2
    Lugh Ildanach
    Registered Users Posts: 522 ✭✭✭Lugh Ildanach


    No, but the money you get from Jobseekers Benefit is considered taxable income.

    If you end up with an underpayment of tax because of the extra income, your tax credits will be adjusted for next year to recover any underpayment.


  • #3
    mgc2012
    Registered Users Posts: 5 ✭mgc2012


    Lugh Ildanach wrote: »
    No, but the money you get from Jobseekers Benefit is considered taxable income.

    If you end up with an underpayment of tax because of the extra income, your tax credits will be adjusted for next year to recover any underpayment.

    Will I get the tax I payed to date from 1st Jan?
    And will I be able to claim jsb for the same amount of time?


  • #4
    mp22
    Moderators, Business & Finance Moderators, Regional South Moderators Posts: 6,854 Mod ✭✭✭✭mp22


    For tax issues please try http://www.boards.ie/vbulletin/forumdisplay.php?f=1208.


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