Carers Credit (Refundable or Non refundable Credit?)

Fishyfreak · 2014-12-01 14:53:25

Hi, Can the carers credit generate a refund from revenue or is it just taken back to NIL? i.e (say, worked example for illustrative purposes) Income: €4000 Taxed at 20% (€800) _____________________ Tax Due 800 less PAYE Credit (capped at €800 of the €1650) €800 less Carers Credit €810 less Married Credit given to spouse…

01-12-2014 03:53PM

#1

Fishyfreak

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Hi,

Can the carers credit generate a refund from revenue or is it just taken back to NIL?

i.e (say, worked example for illustrative purposes)

Income: €4000

Taxed at 20% (€800)
_____________________
Tax Due 800

less PAYE Credit (capped at €800 of the €1650) €800
less Carers Credit €810
less Married Credit given to spouse NIL
_____________________
Refund Due: €810

or are both PAYE & Carers Credit non-refundable so should be NIL??

Thanks in advance.

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#2 01-12-2014 04:23PM

Fishyfreak

Registered Users, Registered Users 2 Posts: 576 ✭✭✭

Join Date: February 2008

Posts: 534

Mods: Please delete thread. i've got the answer.

For anyone interested. Obviously it would be a joint assessment so the carers credit would be refundable. So while the PAYE credit will reduce the lower income to nil, the other spouse would get the benefit of the carers credit.

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