From January 1st, workers can claim some of their taxes back on a whole host of expenses and have the funds paid directly into their bank account in less than a week
‘Tis the season for getting your tax back and after the financial pressure we put ourselves under in the festive period, recouping some of our hard-earned cash to make it through January is just what the accountant ordered.
. Tax expert Johnny O’Callaghan encourages everyone to claim back what they are owed for 2024, and if you haven’t yet claimed for previous years, 2023, 2022 and 2021 as well.Read more:The most popular baby names in Ireland for boys and girls born around Christmas revealed by the CSOYou can claim 20% back on the cost of GP, doctor and consultant fees or hospital treatments for you and your children.
Your claim can take a week or two to process, if successful any funds owed to you will be paid directly to your bank account within about three working days. It’s also important to confirm Revenue has your correct bank details so you can get any refund owed to you to the right account. Johnny is the director of John O’Callaghan Ltd, an accountancy and tax advisory practice based in Dundalk, Co Louth. The firm specialises in serving SME businesses through digital accounting, tax advisory and business succession planning. Find out more johnocallaghan.ie
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