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Both Spouses above tax credit cutoff , No married tax relief?

  • 24-09-2022 12:07pm
    #1
    coronaextra
    Registered Users, Registered Users 2 Posts: 383 ✭✭


    Hi there,just enquiring about marrige tax credits,myself and the other half are getting married later in the year. I have done some research (expecting to calculate some savings after marrige) to see if there will be any benefit from getting married tax wise.

    Would I be right in thinking that we wont have any tax benefit to getting married as tax cutoff is €73600, Im earning 41K per year and other half earns 47?

    Any clarification on this would be really appreciated.



Comments

  • #2
    Geuze
    Registered Users, Registered Users 2 Posts: 14,041 ✭✭✭✭Geuze


    The 37,600 is referred to as the SRCOP, not the "tax credit cut-off".


    If both spouses earn over 36,800, then yes, you are correct, there is no tax benefit to marriage.

    Ye are both using your full SRCOP / tax band, so there is no unused tax band to allocate to the other spouse.



  • #3
    coronaextra
    Registered Users, Registered Users 2 Posts: 383 ✭✭coronaextra


    Thanks for the clarification,


    May be of benefit in the future if either of us stop working for what ever reason etc.



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