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Paying tax

  • 15-08-2017 6:41pm
    #1
    SpecialK1994
    Registered Users, Registered Users 2 Posts: 7 ✭


    I've been off on illness benefit for over 5 months now. Previous to this i was on injury benefit. I may be returning to work in the coming weeks. I've been told by others that I won't have to pay tax for the rest of the year, is there any truth in this ? Thanks


Comments

  • #2
    toadfly
    Registered Users, Registered Users 2 Posts: 3,412 ✭✭✭toadfly


    Depends on your earnings. You can earn €16500 a year without having an income tax liability, €12012 for USC and prsi is a weekly threshold.


  • #3
    SpecialK1994
    Registered Users, Registered Users 2 Posts: 7 ✭SpecialK1994


    My yearly wage is €28000 , seeing as I won't hit that target this year will I pay any tax ?


  • #4
    relax carry on
    Registered Users, Registered Users 2 Posts: 4,113 ✭✭✭relax carry on


    SpecialK1994 wrote: »
    My yearly wage is €28000 , seeing as I won't hit that target this year will I pay any tax ?

    Illness benefit is a taxable source of income, are you likely to go over 16500 for the 12 months January to December when you add your salary and illness benefit together?


  • #5
    toadfly
    Registered Users, Registered Users 2 Posts: 3,412 ✭✭✭toadfly


    SpecialK1994 wrote: »
    My yearly wage is €28000 , seeing as I won't hit that target this year will I pay any tax ?

    Read my previous reply! If you go over €12012 you will pay at least USC. If your weekly is over prsi threshold you will pay etc. Illness benefit is taxable by the way.


  • #6
    toadfly
    Registered Users, Registered Users 2 Posts: 3,412 ✭✭✭toadfly


    Weekly figures for PRSI

    http://www.welfare.ie/en/Pages/1896_Pay-Related-Social-Insurance.aspx


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  • #7
    allthedoyles
    Registered Users, Registered Users 2 Posts: 6,893 ✭✭✭allthedoyles


    toadfly wrote: »
    Read my previous reply! If you go over €12012 you will pay at least USC. If your weekly is over prsi threshold you will pay etc. Illness benefit is taxable by the way.

    You start to pay USC at €12,012 , but if you earn less than €13,000 you are exempt from USC in 2017


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