Dependent relative Tax Credit
Dependent Relative Tax Credit
You may claim a credit of €70 if you maintain a relative at your own expense. You can claim for your relative, or a relative of your spouse or civil partner.
Conditions to qualify
The relative you claim for must be:
a) your relative, or your spouse’s relative, who is unable to maintain themselves due to incapacity by old age or infirmity
b) your widowed father or widowed mother, or your spouse or civil partner’s widowed father or widowed mother, whether incapacitated or not
c) your civil partner’s parent who is a surviving civil partner, whether they are incapacitated or not
d) your child or your civil partner’s child who lives with you and on whose services you depend due to your old age or infirmity.
You will not receive a tax credit if your dependent relative’s income exceeds €14,504.
All of your dependent relative’s income is included for the income limit purposes. This includes their social welfare payments, pensions and deposit interest.
By claiming the above tax credit, you can also claim for your dependent relative the following reliefs:
a) Medical Insurance relief on health insurance premiums paid for your relative
b) Health expenses for cost of medical expenses for your relative
c) Mortgage interest relief if you pay mortgage interest to provide your relative with a home
Any queries on same give me a call on 091 763817 or email me at oliver@taxreturnhelp.ie