Can I claim tax relief on my private health insurance premiums, and on medical costs not covered by my insurance?

  • 📰 IrishTimesBiz
  • ⏱ Reading Time:
  • 59 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 77%

Health Health Headlines News

Health Health Latest News,Health Health Headlines

Making sense of tax relief on medical costs and private health insurance

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in HEALTH

Health Health Latest News, Health Health Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Making sense of tax relief on medical costs and private health insuranceQ&A: There are several ways of saving money against medical costs and, given how high they can be, it is well worth taking time to pursue them via IrishTimesBiz
Source: IrishTimesBiz - 🏆 6. / 77 Read more »

Making sense of tax relief on medical costs and private health insuranceQ&A: There are several ways of saving money against medical costs and, given how high they can be, it is well worth taking time to pursue them via IrishTimesBiz
Source: IrishTimesBiz - 🏆 6. / 77 Read more »