Tax refunds are on many people's minds at this time of year. Before you do anything there are a few important things you need to know, which could save you a lot of time and effort in the long run.
1. Do you qualify for a tax refund?
Most salary and wage earners will have paid the right amount of tax through the year, and therefore won't qualify for a tax refund. However, it's possible if you:
• Only worked for part of the year
• Had more than one employer during the year
• Have expenses or qualify for the independent earner tax credit.
2. How much will my refund be?
From mid-May you can check for a refund through your myIR online services account. If you don't have a myIR account, now is a good time to register for one.
Once you're set up, you can use myIR to:
• Check all your details are correct, then
• Check if you have a refund then
