Married couple - tax situation

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monkey0804

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Is there any financial advantage of being assesed as a married couple (versus being assesed as 2 single individuals) if both are earning over the cut off 37000?

Thanks.
 
If you have children, there is a minor advantage in claiming medical expenses back.
THere is an excess of €125 for an individual, but €250 for the whole family, so a
joint assessment, allows you to claim expenses for everyone with a total excess of €250.

If you are not yet married or just married and have not decided what to do, beware,
the revenue will assume you are being jointly assessed unless you write and tell them
that you want separate assessment.
 
huskerdu said:
If you have children, there is a minor advantage in claiming medical expenses back.
THere is an excess of €125 for an individual, but €250 for the whole family, so a
joint assessment, allows you to claim expenses for everyone with a total excess of €250.
Click to expand...
As far as I know unmarried couples (with or without children) can also file joint medical expenses returns so I don't think that marriage is necessarily relevant in this context.
 
We are actually married 7 years :eek: and have never got around to this. The good old PAYE office is not taking calls until Wednesday afternoon - this is the second time in a year I've had them tell me to call back in a few days as they are upgadeing their systems. What sort of service is that!?
On a similar note, can anyone recommend an accountant that might be able to help sort out our situation. While we are both PAYE workers we have do have some shares that vest every now and again, and I have a mental block on understanding anything tax related. We may even be due some tax back!!!

Thanks.
 
If I recall correctly Revenue changed the time limit on the backdating of claims for outstanding relief/overpayments of tax to four years a while ago so if you have outstanding claims prior to that then you probably lose them I'm afraid. Do you need an accountant in this case? If you have records of all of your earnings, tax credits/allowances, allowable expenses etc. then you may be able to work it out yourself. On the other hand, if you can't do this then by all means get independent, professional advice from an accountant/PAYE tax expert.
 
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