Exemption for child minding services

Exemption for child minding services

The income earned cannot exceed €15,000 per annum. This is aimed at people who mind children in their own homes. This means a stay at home spouse could earn up to €15,000 per annum tax free and the working spouse could still claim the Home Carer Tax Credit of €1,000

A brief summary of the rules is as follows:

– This exemption applies if the payments received in a tax year do not exceed  €15,000 per annum. The full amount is taxable in the normal way if the payments received exceed this amount.

– The service cannot be provided to more than 3 children at a time.

– The exemption must be claimed in the annual tax return. The claim must be supported by evidence that the service provider has notified the appropriate person, recognised by the health service executive, that they are providing child-minding services

Any queries on same give me a call on 091 763817 or email me at oliver@taxreturnhelp.ie