Marriage Tax Credits

karlitob

Hi all,

Not sure if Im in the right forum.

If you're married are you BOTH entitled to

Personal Tax Credit
PAYE Tax Credit
AND
Marriage Credit

At times, the Revenue site can be difficult to decipher.

Thanks

ABajaninCork

I'm never too sure either!! But think the allowances can be claimed by only ONE of the couple.

At least that's been the case with husband & me. I'm not too sure how the tax situation is with the non-allowance partner though. I wonder if this means they'll be taxed as a single person?? Never been lucky enough to find out...

Simpler in the UK where EVERYONE'S taxed!! No married person's allowance there sadly.

karlitob

ABajaninCork wrote: »

I'm never too sure either!! But think the allowances can be claimed by only ONE of the couple.

At least that's been the case with husband & me. I'm not too sure how the tax situation is with the non-allowance partner though. I wonder if this means they'll be taxed as a single person?? Never been lucky enough to find out...

Simpler in the UK where EVERYONE'S taxed!! No married person's allowance there sadly.

I had a better look at it. I think its either Personal Tax Credit of E1650 each or Married Tax Credit of E3300 for both split whatever way you need or together. You're no better off being married than single. Its just that I thought I read somewhere that this was an incentive to get married because the state has an interest in you being married.

Who knows. Just trying to maximise my income.

Fran79

In my experience the married tax credit is only really usefull where one partner works and the other is at home with the kids.

I work ft and my hubbie is a stay at home dad - I can claim his tax credits as well as my own (and the home carers credit) - the upshot being I dont pay any tax (only USC and PRSI).

We are both from the UK so for us this is a real benefit as I would still have to pay tax if we were in the same situation there.

karlitob

Fran79 wrote: »

In my experience the married tax credit is only really usefull where one partner works and the other is at home with the kids.

I work ft and my hubbie is a stay at home dad - I can claim his tax credits as well as my own (and the home carers credit) - the upshot being I dont pay any tax (only USC and PRSI).

We are both from the UK so for us this is a real benefit as I would still have to pay tax if we were in the same situation there.

That makes sense Fran - I think you're correct. I was hoping beyond hope.

relax carry on

karlitob wrote: »

Fran79 wrote: »

In my experience the married tax credit is only really usefull where one partner works and the other is at home with the kids.

I work ft and my hubbie is a stay at home dad - I can claim his tax credits as well as my own (and the home carers credit) - the upshot being I dont pay any tax (only USC and PRSI).

We are both from the UK so for us this is a real benefit as I would still have to pay tax if we were in the same situation there.

That makes sense Fran - I think you're correct. I was hoping beyond hope.

The is no such thing really as the married tax credit. All it is, is the merging of both single persons tax credits.

When you opt for joint assessment you have the option of moving some credits and rate band from one person to the next, not all. This is only really beneficial in cases where one spouse is earning very little and the other is earning more.

So in a normal case with no extra credits or rate band, that's a portion or all of the €1650 personal credit which can be moved from one person to the other and up to €9000 of rate band. Check out the links for further info.

http://www.revenue.ie/en/tax/it/leaflets/it2.html

http://www.revenue.ie/en/personal/faqs/how-do-i-work-out-my-tax.html

Eoin

Thread moved - think it's better suited here