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

coronaextra · 24-09-2022 01:07PM #1

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.

Geuze · 24-09-2022 02:03PM

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.

coronaextra · 05-10-2022 01:48PM

Thanks for the clarification,

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

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

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