Is there any benefit for me to be taxed as married person?

ncmc

Hi all, my husband and I earn roughly the same (early €30k's) and currently we are taxed as seperate single people. Is there any benefit to us being taxed as a married couple? We would be continuing to split our credits 50/50, just wondering it it is worth the hassle?

nompere

ncmc wrote: »

Hi all, my husband and I earn roughly the same (early €30k's) and currently we are taxed as seperate single people. Is there any benefit to us being taxed as a married couple? We would be continuing to split our credits 50/50, just wondering it it is worth the hassle?

I posted this in another thread a couple of weeks ago:

nompere wrote: »

Joint assessment and separate assessment should always produce the same level of taxation - the only difference lies in who pays more or less of the tax, and that gets determined by how you share credits, etc.

Single assessment will never produce a lower amount of tax than separate assessment - but if circumstances change then it can produce a higher amount of tax.



From a practical point of view it's harder for Revenue to go wrong when you are jointly assessed. I'm sure all practising tax people have seen two separate assessments where the divisions haven't worked properly. I know I have.

Nothing has changed and that is still my view. Married couples are safer being jointly assessed.

EKRIUQ

No difference, it really only matters if one person is working and then you can transfer all your credits.