Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Unemployment tax back

  • 03-05-2015 9:00am
    #1
    dsmythy
    Registered Users, Registered Users 2 Posts: 10,538 ✭✭✭✭


    On the revenue site it says to wait 4 weeks from the date of unemployment before making a claim for tax back except if you're receiving a taxable income in that case to wait 8. My taxable income is Jobseekers Benefit (188pw). If I try to reclaim it after the 4 weeks rather than wait would that substantially reduce the amount of tax that may be refunded? Basically I'm asking is it worth waiting. Thanks.


Comments

  • #2
    relax carry on
    Registered Users, Registered Users 2 Posts: 4,123 ✭✭✭relax carry on


    dsmythy wrote: »
    On the revenue site it says to wait 4 weeks from the date of unemployment before making a claim for tax back except if you're receiving a taxable income in that case to wait 8. My taxable income is Jobseekers Benefit (188pw). If I try to reclaim it after the 4 weeks rather than wait would that substantially reduce the amount of tax that may be refunded? Basically I'm asking is it worth waiting. Thanks.

    Your refund will be reduced by your DSP payments either way. But at 4 weeks your refund is based on 4 weeks unused credits and rate band whereas at 8 weeks it's based on 8 weeks unused rate band and credits. The longer you wait the more of a refund you will get. But you do get to keep applying for more of a refund every 4 weeks.


Advertisement