How to Claim a Tax Refund

Tax / Tips

How to Claim a Tax Refund

Many people are put off by the paperwork involved when trying to claim tax refunds but with improved Revenue facilities and systems, it is a much easier process now. The majority of filers will find that most of the information on tax forms is not applicable, making the process easier than ever. In this blog, we have outlined the steps required to claim a tax refund and highlighted some of the available tax reliefs and credits. 

Step 1: Complete Form 12 (For PAYE Workers)

For the majority of PAYE workers, completing Form 12 is essential for claiming a tax refund. This form has become a requirement since 2019, especially for those claiming medical expense relief. Don’t worry; it’s not as complicated as it sounds, and Revenue facilities are designed to guide you through the process effortlessly.

Step 2: Set Up a ‘MyAccount’ on

If you haven’t already, set up a ‘MyAccount’ on the portal. This account is your gateway to managing your tax credits and claiming reliefs. By logging in, you can see your available tax credits, which can significantly reduce the amount of income tax you pay. Revenue will automatically apply for these credits after calculating your tax.

Moreover, ‘MyAccount’ allows you to apply for tax reliefs that are not automatically provided by Revenue. This way, you can optimize your tax benefits and ensure you’re not leaving money on the table.

Step 3: Receive Your Balancing Statement

Once you’ve completed the necessary steps and submitted your claim, Revenue will issue you a balancing statement. This statement outlines Revenue’s calculation of the tax that should have been deducted from your income versus what was actually deducted after applying the new credits. It’s a final confirmation of your tax refund or any additional payment owed.

Exploring Available Tax Reliefs and Credits:

Beyond the standard tax credits, there are various tax reliefs and credits available to maximise your tax refund potential. Here are some of the most common ones:

  1. Rent Tax Credit: Worth €500 per individual, this credit applies to eligible renters.
  2. Medical Expenses: You can claim 20% of expenses not covered by health insurance, including treatments like IVF, acupuncture, and psychotherapy.
  3. Non-Routine Dental Expenses: Certain dental treatments may qualify for tax relief.
  4. Home Carer Tax Credit: Worth €1,700, this credit is for stay-at-home parents and can be claimed up to four years retroactively.
  5. Working from Home Expenses: If you work from home, you can claim a portion of your expenditure on heating, light, and broadband.
  6. Flat Rate Expenses: Many professions, such as teachers, nurses, and engineers, qualify for fixed flat rate expense annual allowances.
  7. Minding Children: If you care for other people’s children, you can earn up to €15,000 per annum tax-free under Child Carer Relief (up to a maximum of three children).

Get in Touch:

Claiming a tax refund has never been more accessible, especially with Gallagher Keane by your side. Our team of experts is dedicated to ensuring you receive all the tax benefits you deserve, without the stress. Don’t let paperwork deter you from claiming what’s rightfully yours. Reach out to us today: