Medical expenses relief or credit

Endurance_man

Hi
Quick question on medical expenses. I just did my tax return for 2013 and added my health expenses. My P21 was issued The total amount at 20% came to circa 300 euro.
I see this added as a tax credit on my P21. MY tax credits increased. Therefore the total amount back is around 120 euro.
I thought you were entitled to the full figure at 20%? i.e the 300 euro
I must be wrong as revenue use it as a credit and therefore this reduces the amount you get. I thought it was a relief not a credit.
Can anyone shed some light on this?
Thanks

Geuze

20% of the gross med exps should be listed as a tax credit, along with the other typical tax credits.


Now, if you didn't pay enough tax to use up the tax credit, then it might be different.

Endurance_man

Geuze wrote: »

20% of the gross med exps should be listed as a tax credit, along with the other typical tax credits.


Now, if you didn't pay enough tax to use up the tax credit, then it might be different.

No I paid enough tax

Ya I just thought I would get the full 300 in cash. If it's added as a tax credit and applied I am presuming this will mean the return is less as it just a credit?

Citizenpain

no - it will be the same - It's a credit against your tax -- no % applied to it

Endurance_man

Citizenpain wrote: »

no - it will be the same - It's a credit against your tax -- no % applied to it

Strange. Why my P21 has a new credit of 300 for health expenses and only refunede be circa 120 euro.

I centainly paid enough tax and did not underpay any.

Sounds like a fault in the system.

Citizenpain

That would mean that you had underpaid PAYE , PRSI or USC Are you sure your tax was right all year? are all the credits you are entittled to on the P21?

Did you change jobs during the year?

Might be worth checking with your payroll people

Endurance_man

Citizenpain wrote: »

That would mean that you had underpaid PAYE , PRSI or USC Are you sure your tax was right all year? are all the credits you are entittled to on the P21?

Did you change jobs during the year?

Might be worth checking with your payroll people

Ya changed jobs.

Looks like my medical insurance credit was not applied correctly since I changed and this may have reduced my credits. I will send off a medical insurance form.

Ya all paye etc was paid correctly.

Citizenpain

They have updated the Medical insurance tax credit over the phone for me in the past

Endurance_man

Citizenpain wrote: »

They have updated the Medical insurance tax credit over the phone for me in the past

Ya I am going to query it on the phone tomorrow before I send the form.

Not sure what has gone wrong exactly.

Thanks for all the help

Dublinmuppet

U can only have the medical insurance credit if ur employer is paying it it's getting knocked off the credits if ur employer does not pay it

sidk_1905

Hi

Quick question on medical expenses, to cut a long story short I never really kept the reciepts and could be bothered goign looking for them, The revenue have requseted reciepts, just wondering how I would have to repay my rebate would they adjust my tax credits or would they issue me with a tax bill, thanks

Citizenpain

they are usually open to spreading it over a year or two if you open a dialogue with them

sidk_1905

ah grand thanks, Will ask them if I pay it over a year. Thanks