Tax and rent questions

Mince Pie

Hi, sorry I've tried reading the revenue website and its burned my brain so looking for some answers and I'm horrendously rubbish at this stuff.

I started work in May last year so my last payslip for December shows my total earnings for the year. If it looks quite low can I claim the tax back?
Also, can you claim back for rent paid in the same period as above? (private rented property)
Thanks in advance.

srsly78

You will only get tax back if you overpaid.

Regarding rent tax credit: http://www.revenue.ie/en/tax/it/credits/rent-credit.html

Mince Pie

srsly78 wrote: »

You will only get tax back if you overpaid.

Regarding rent tax credit: http://www.revenue.ie/en/tax/it/credits/rent-credit.html

How do I work out if I've over paid? As in, its paid weekly out of my wages but can't seem to work out the threshold.

srsly78

Look at your tax credits.

relax carry on

Mince Pie wrote: »

How do I work out if I've over paid? As in, its paid weekly out of my wages but can't seem to work out the threshold.

Rough guide for a single person for 2013 is 16500 euro without paying PAYE. After that it's 20% to 32800 and 41% after that.
USC kicks in on total amount if your earnings were above 10036 euro. The rates are 2%, 4% & 7%.

It's in your own interest to persevere with this and learn how to understand your own taxes.

Links below will assist you.

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

http://www.revenue.ie/en/tax/usc/index.html

Mince Pie

relax carry on wrote: »

Rough guide for a single person for 2013 is 16500 euro without paying PAYE. After that it's 20% to 32800 and 41% after that.
USC kicks in on total amount if your earnings were above 10036 euro. The rates are 2%, 4% & 7%.

It's in your own interest to persevere with this and learn how to understand your own taxes.

Links below will assist you.

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

http://www.revenue.ie/en/tax/usc/index.html

Thanks, just couldn't make head not tails of it initially. I only returned from the UK after over a decade so just getting used to the thresholds back here and what I can claim back tax wise.

srsly78

Stop thinking about thresholds for starters. Think about tax credits instead.