Newlyweds

E

EL98

Guest
Whats the best way to be assessed for tax? I earn about 50k and my wife earns about 30k.

Is TRS on the mortgage to be increased?

Cheers
 
jointly. jointly ye would pay 20% tax on €72,800. singly ye would pay 20% on €66,4000.
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single persons 20% band is €36,400 per annum.

If you're treated singly you will pay 20% on €36,400 and your spouse on €30,000 (as she only earns €30,000)

Jointly assessed-one person can earn up to a maximum of €45,400 at 20% and the spouse can earn up to €27,400 at 20%, therefore collectively you can earn €72,800 at 20% instead of €66,400.

Check out the 'just married' leaflet on ww.revenue.ie
 
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