What can I earn as spouse?

Thestones

I currently am a stay at home mum, my husband has all the available credits and allowance he can get from me not working. I have now been offered some work, it won't be much, a few hundred a week. It was offered they could pay me cash for a while but I actually think I'd prefer if to go through the books so I can get my stamps, they are happy to do this also, I think they thought it was a favour to pay me off the books. Anyway is there tax implications to my husband if I start working again or can I earn a certain amount without it affecting things? It will only be short term, maybe 6 months.
Thanks

Squatter

Thestones wrote: »

I currently am a stay at home mum, my husband has all the available credits and allowance he can get from me not working. I have now been offered some work, it won't be much, a few hundred a week. It was offered they could pay me cash for a while but I actually think I'd prefer if to go through the books so I can get my stamps, they are happy to do this also, I think they thought it was a favour to pay me off the books.

Anyway is there tax implications to my husband if I start working again or can I earn a certain amount without it affecting things? It will only be short term, maybe 6 months. Thanks

If you're currently drawing the Home Carer Tax Credit (and your husband would be getting that credit), then read this:-

"Home Carer Tax Credit rates

The Home Carer Tax Credit rate is €1,200 for 2018.

If you earn less than €7,200, then you can claim the full tax credit available.

If you earn more than €7,200 you will receive a reduced tax credit. In this case, the total tax credits available will be reduced by one half of the difference between your income and €7,200.

If your income is €9,600 or more during 2018 then you cannot claim the tax credit."

So the bottom line is that you can earn up to €7,199.99 in 2018 without losing that credit, but if you lost it then you being employed would increase the amount of tax your husband would have to pay.

Thestones

Squatter wrote: »

If you're currently drawing the Home Carer Tax Credit (and your husband would be getting that credit), then read this:-

"Home Carer Tax Credit rates

The Home Carer Tax Credit rate is €1,200 for 2018.

If you earn less than €7,200, then you can claim the full tax credit available.

If you earn more than €7,200 you will receive a reduced tax credit. In this case, the total tax credits available will be reduced by one half of the difference between your income and €7,200.

If your income is €9,600 or more during 2018 then you cannot claim the tax credit."

So the bottom line is that you can earn up to €7,199.99 in 2018 without losing that credit, but if you lost it then you being employed would increase the amount of tax your husband would have to pay.

Great, thanks for that.

allthedoyles

You can arrange your taxes in a way that you will have a PAYE tax credit and you can earn 8,250 in a year without it affecting your husband taxes .