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Tax for dummies

  • 07-12-2021 6:46pm
    #1
    Marymoore
    Registered Users, Registered Users 2 Posts: 165 ✭✭


    Sorry if these questions are silly but

    1) do people with children get more tax credits than childless people?

    2) can you get a refund of PRSI if you only work for 3 months in the year or does everyone pay PRSI?

    3) say you’re paying paye and you lose your job after 3 months, can you get a refund mid year or do you need to wait until tax year is over


    thanks



Comments

  • #2
    Geuze
    Registered Users, Registered Users 2 Posts: 14,039 ✭✭✭✭Geuze


    There are no tax credits per child.

    However, if one spouse is a SAHP, there is the Home Carers tax credit.



  • #3
    Geuze
    Registered Users, Registered Users 2 Posts: 14,039 ✭✭✭✭Geuze


    Mid year tax rebates are possible, AFAIK, isn't it form P50?

    https://www.revenue.ie/en/jobs-and-pensions/periods-of-unemployment/how-to-claim-a-tax-and-usc-refund-if-you-are-unemployed.aspx



  • #4
    ari101
    Registered Users, Registered Users 2 Posts: 2,835 ✭✭✭ari101


    In addition to the Home Carers tax credit mentioned, if you are a single parent, one of the parents can claim Single Person Child Carer Credit - usually the primary carer but can be switched by agreement.

    Most working age people pay PRSI (occasionally people posted abroad, or here temporarily, might get exclusions). It is not a cumulative 'tax' unlike PAYE and USC, but based on earnings in a given insurable period. Refunds are generally not given unless the rate was wrong or it was deducted in error (e.g. from someone over 66 still working). It may be in your interest anyway to have paid contributions for your social insurance record.






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