Private health insurance is not cheap in Ireland so making sure you avail of any tax relief available is important.
That means it is subtracted from your premium by the VHI before it charges you anything, so you have not been missing out on the relief available over the past several decades. In the case of VHI, the page you want to refer to is the second page in the documents they send you, headlined, “Your health membership certificate”.
Interestingly, the definition of a child has changed over the years but now covers insured people under the age of 21, not 18. Until 2015, it could cover people up to the age of 23 if they were in full-time education. To be fair, Revenue regularly reminds people they should be claiming such reliefs, and it is an area we cover annually or more frequently as they issue such reminders. Health expenses are apparently the relief to which people are entitled that they claim the least, so you are not alone.
Most people now make their filings online to Revenue having set up a MyAccount account. For those unable to file online for any reason, you can file a Form 12 income tax return or, more likely in your case, a simplified Form12S shortened form for those making a claim for something basic such as health costs.
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Source: IrishTimesBiz - 🏆 6. / 77 Read more »
Source: IrishTimesBiz - 🏆 6. / 77 Read more »