ourwarehouse
New Member
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Hi everyone,
I'm seeking some guidance regarding my tax situation following my recent tax return. Here's a bit of background:
I used my late husband tax credits, which meant no income tax for me. However, I did have to pay the Universal Social Charge (USC).
Now, looking ahead, I'm wondering about the potential changes in my tax liability. For instance, if my taxable income remains at €18,140.5, and the calculation is €18,140.5 - 20% = €3,628.10 + USC, will I be liable for the 20% income tax in the next year?
I'd greatly appreciate any insights, advice, or shared experiences on how this might play out. Additionally, if there are any considerations or strategies I should be aware of as a widow.
Thanks a bunch for your help!
Best regards,
I'm seeking some guidance regarding my tax situation following my recent tax return. Here's a bit of background:
I used my late husband tax credits, which meant no income tax for me. However, I did have to pay the Universal Social Charge (USC).
Now, looking ahead, I'm wondering about the potential changes in my tax liability. For instance, if my taxable income remains at €18,140.5, and the calculation is €18,140.5 - 20% = €3,628.10 + USC, will I be liable for the 20% income tax in the next year?
I'd greatly appreciate any insights, advice, or shared experiences on how this might play out. Additionally, if there are any considerations or strategies I should be aware of as a widow.
Thanks a bunch for your help!
Best regards,