Don’t bin service charges tax refunds
Written by John O' Connor on September 2, 2009
Are we throwing money in the bin by not claiming tax refunds for the cost of our waste disposal?
This is one of the more commonly claimed tax credits, but still a large % of home owners and renters miss out on this.
Very simply? if you are paid any amount up €400 on waste disposal in a year, in the following year you can claim 20% of that amount as a tax credit. That’s up to €80.
For us, we paid €30 a month last year to our bin company, which gives us a tax credit of €72 this year. Easy money?
Waste disposal includes the bin collection service and even visits to the local dump.
And don’t forget that if you have not claimed this in the past, you can claim for the last 4 tax years, giving a potential refund of €320. find out more about this in our Top Tax Tips