Thursday, February 3, 2011

Tax Refund Tips: Medical Expenses

If you have paid for medical expenses in Ireland or anywhere within the EU, you may be entitled to a partial tax refund.

Most medical expenses are covered, there are exeptions however such as routine eye checks and some dental procedures. For tax years 2009 & 2010, The full amount of your medical expenses can be claimed. Tax relief is granted @ the 20% tax rate, regardless of whether you are a higher or standard rate tax payer.

Refund Process: You may claim directly from Revenue using their PAYE anytime service or by contacting your local tax office. Alternatively, we recommend using a third party to process all potential tax refunds due. Outscourcing this process is simple, cost effective and ensures your claims are correct and accurate. Visit Paylesstax.ie for more information.

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