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If you earn under 10k in a year

  • 14-03-2013 10:47am
    #1
    keano25
    Registered Users, Registered Users 2 Posts: 1,842 ✭✭✭


    Are you entitled to all your tax back?

    Thanks


Comments

  • #2
    ResearchWill
    Closed Accounts Posts: 4,111 ✭✭✭ResearchWill


    Well simple answer is a person earning under €10,000 a year should pay no income tax or USI.

    But of course if married. With a spouse getting an income, or in receipt of other income that may change.

    A good calculator http://www.deloitte.ie/tc/ may be of assistance.


  • #3
    Geuze
    Registered Users, Registered Users 2 Posts: 14,033 ✭✭✭✭Geuze


    YES.

    In 2012 and 2013 you can earn up to 16,500 tax free.

    Tax credits = 1650 + 1650 = 3,300 for a single person.

    At 205, this means tax on up to 16,500 is wiped out by tax credits.


  • #4
    libidoontour
    Site Banned Posts: 16 ✭libidoontour


    If you earn under 10k in a year


    id seriously consider a career change


  • #5
    CR 7
    Registered Users, Registered Users 2 Posts: 3,721 ✭✭✭CR 7


    Just out of interest, does it make any difference if you earn the 10,000 over 6 months, as long as that's your only income for the year?


  • #6
    hardCopy
    Registered Users, Registered Users 2 Posts: 5,969 ✭✭✭hardCopy


    CR 7 wrote: »
    Just out of interest, does it make any difference if you earn the 10,000 over 6 months, as long as that's your only income for the year?

    Employers will generally work on the assumption that your wage will be consistent throughout the year, so if you work a 30k per annum job for 6 months , ending up with 15k, you may pay tax which can later be claimed back.

    If you commence employment late in the year you probably wouldn't have to pay the tax at all.


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  • #7
    dearg lady
    Closed Accounts Posts: 2,091 ✭✭✭dearg lady


    USC is on all income, but at only 2% for the first 10036

    EDIT: my bad, apparently if your total income is under 10036 it is USC exempt! I thought they had changed this... Annoying the way it's done cos it creates a pinch point whereby someone earning 10035 pays no USC, but someone earning 10037 pays 2% on the whole lot. anyway, I digress!


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