If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)

Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

grants being taxed?

woodchuck · 2009-04-07 16:22:02

I just heard that the government is lowering the tax bracket to include people earning 15k a year and it will be a 2% levy. Does anyone know if this includes those of us on grants or are we exempt from that sort of thing?

Options

07-04-2009 5:22pm

#1

woodchuck

Moderators, Society & Culture Moderators Posts: 15,410 Mod ✭✭✭✭

Join Date: October 2007

Posts: 15267

I just heard that the government is lowering the tax bracket to include people earning 15k a year and it will be a 2% levy. Does anyone know if this includes those of us on grants or are we exempt from that sort of thing?

0

Comments

Options
#2 07-04-2009 6:38pm
Michael Collins

Moderators, Science, Health & Environment Moderators Posts: 1,848 Mod ✭✭✭✭

Join Date: July 2001

Posts: 1732

I would imagine* that scholarships are exempt from the levy. They are always referred to as 'Tax Free' scholarships, but up until now tax wouldn't have been paid on them anyway, as the amount earned is too low. Now they will really mean "Tax Free".

*Just for what it's worth, if it does apply to a EUR16,000 scholarship, you'll be paying €320 a year on the Levy. That's €6.15 less per week.

0