Time to check if you’re due a tax al­lowance wind­fall

Tax re­liefs could be worth thou­sands a year to work­ers, but many for­get to claim them, or don’t re­alise they can, writes Louise Mcbride

Sunday Independent (Ireland) - Business & Appointments - - FRONT PAGE -

TIME is run­ning out for work­ers to claim a valu­able tax re­fund they may be en­ti­tled to. There is a four-year limit on how far back you can claim tax re­funds — and so this New Year’s Eve marks the last day that you can claim any tax re­lief you’re en­ti­tled to for 2014. Tax re­liefs could put hun­dreds, per­haps thou­sands, back into your pocket — so it’s im­por­tant to claim them.

Even if you don’t be­lieve you’re due a tax re­fund for 2014, it’s worth re­view­ing your ex­penses and tax cred­its for 2014 and sub­se­quent years as you could be en­ti­tled to tax back. Peo­ple of­ten over­look, and for­get to claim, tax re­liefs — and in do­ing so, lose out on their chance for a tax wind­fall.

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