Tax as a married couple

aaakev

hi guys. I got married in February and sent my form for assessable spouse to revenue in March. I've not heard anything back from them to say they have received it, is this normal?

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aaakev wrote: »

hi guys. I got married in February and sent my form for assessable spouse to revenue in March. I've not heard anything back from them to say they have received it, is this normal?

Your best to give them a call and have both pps numbers to hand

aaakev

Harley Clean Hash wrote: »

Your best to give them a call and have both pps numbers to hand

Was hoping that wasn't the answer, been on hold for ages twice and had to hang up!!

Also, how will I work out how much of a saving we will have? My salary is just over 50k and my wife doesn't work so uses none of her credits, I paid quite a bit in the highs tax band last year. I assume I'll get a refund for this year in 2016?

adrianw

Tax Saving will be €9,000*(40%-20%)=€1,800+€1,650=€3,450

aaakev

adrianw wrote: »

Tax Saving will be €9,000*(40%-20%)=€1,800+€1,650=€3,450

So I'll get a refund of 9k less the couple of months we were not married this year and my wages will be up 9k in 2016??

adrianw

Not quite.

Your tax band for income taxed at 20% will increase from €33,800 to €42,800. Plus you will get her personal credit of €1,650.

For the year of marriage Revenue will assess you as individuals and then compare it to what the tax paid would have been had you been assessed as a married couple. As your wife is on a sabbatical, you would be taxed less as a married couple.

so a refund of €3,450 would be due - assuming no specific circumstances and herself is not claiming social welfare of any form.

aaakev

Cheers for that. No she is not claiming anything, she is a full time mammy so we should be due the whole lot. Happy days, cheers

chickenlicken2

Look at the home carers credit too, as you mentioned kids and wife not working.

aaakev

chickenlicken2 wrote: »

Look at the home carers credit too, as you mentioned kids and wife not working.

Just reading it and am a bit confused about this part

Where this tax credit is claimed the couple are not entitled to the increased standard rate band normally given to couples in a marriage or civil partnership where both spouses or civil partners are in receipt of income. If only one spouse or civil partner has income or the increased standard rate band is sufficient to cover the combined income of both spouses or civil partners then this issue doesn't arise. However if this is not the case then Revenue will award whichever is the more beneficial treatment

If im claiming the increase then im not entitled to it?

chickenlicken2

http://www.revenue.ie/en/tax/it/credits/home-carers.html

Sorry just saw your second post. Ya they make that a little convoluted but as you only have one income it doesn't affect you.

allthedoyles

aaakev wrote: »

Just reading it and am a bit confused about this part

Where this tax credit is claimed the couple are not entitled to the increased standard rate band normally given to couples in a marriage or civil partnership where both spouses or civil partners are in receipt of income. If only one spouse or civil partner has income or the increased standard rate band is sufficient to cover the combined income of both spouses or civil partners then this issue doesn't arise. However if this is not the case then Revenue will award whichever is the more beneficial treatment

If im claiming the increase then im not entitled to it?

You mis-understand it .......you are not claiming the increase because both of you don't have income , so the issue doesn't arise .

Go ahead and claim home-carers tax credit

aaakev

Paye anytime is telling me im ineligible, guess im going to have to call them after all. ... it is however telling me that my wife is down as my spouse so the forms have been received thankfully!

relax carry on

aaakev wrote: »

Paye anytime is telling me im ineligible, guess im going to have to call them after all. ... it is however telling me that my wife is down as my spouse so the forms have been received thankfully!

As you got married this year, you both continue to be treated as single people for the year, which is why you can't claim it yet. You will be able to ask Revenue to do a year of Marriage Review at the end of of the year, which will refund any overpayment of taxes to you based on your change in Assessment.

aaakev

relax carry on wrote: »

As you got married this year, you both continue to be treated as single people for the year, which is why you can't claim it yet. You will be able to ask Revenue to do a year of Marriage Review at the end of of the year, which will refund any overpayment of taxes to you based on your change in Assessment.

Cheers for that, i knew i had to wait until next year to claim my wifes thought the home carers credit would be able to be claimed now