Tax Relief

As much as 75% of Irish taxpayers are lacking out on easy tax breaks

A new survey found that nearly three-quarters of Irish taxpayers do not claim tax refunds for their medical expenses and do not receive any money from tax breaks.

Taxback.com released its survey on tax sentiment in 2021, saying that not only are Irish out of taxpayers money, but that four in ten of us didn’t even know we could claim medical reimbursements.

Company Consumer Tax Manager Marian Ryan said, “Medical expenses are possibly the most basic and direct tax relief there is – and one that is likely to apply to every taxpayer in the country.

“If you see a family doctor or counselor, or even have prescription fees, you can apply for tax breaks.”

Euro banknotes (archive image)

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The data show that “the average person in Ireland has made 3 to 5 trips to see a family doctor per year – at an approximate cost of EUR 60 per trip.”

According to the online tax return service, you are entitled to a € 48 reimbursement for four trips.

If you claim back more than four years, “You would get almost € 200. Definitely a sum not worth leaving behind. “

62% of respondents said they were aware of a tax break on medical expenses, but only 27% said they wanted an annual tax refund on their medical expenses.

Taxback.com is a global company helping customers reclaim overpaid taxes in 100 countries worldwide. However, the company was started by Terry Clune, an Irishman who helped his friends file tax returns 20 years ago.

According to Taxback.com, Rish taxpayers are “actually getting worse”.
“You would ask why only 6 out of 10 know about it. When we asked the same question four years ago in 2017, 9 out of 10 people knew about it, ”said Marian Ryan.

Ryan said the fact that nearly three-quarters of the Irish population are not seeking medical tax breaks “is an indication that the Irish are essentially undercutting the tax break available to them”.

In other countries she said: “It is just unheard of to leave money with the tax officer.

“We don’t know enough about our tax refunds here, and that lack of awareness is actually costing people money.”

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