BiddyMaggie
Registered User
- Messages
- 11
You'll end up in the same position after you file your tax return either way. It's a matter of whether you want the money now or in a year's time. By the way, you seem to be 10,000 short in your ratebands. They should total 80,000 in 2023 normally unless there's some reason for the difference.Question before we get down to submitting our tax return for 2022.
I came off payroll in first week of Jan 2023. (Career break) Should we amend our tax bands and tax credits for 2023. I have a band of €39,000 and my spouse is €31,000. Plus our personal employee tax credits.
Do we wait till October 2024 for a true up or should we contact revenue now so my spouse uses my tax credits and tax band for this year.
Also informing revenue of our position as domiciled here in USA does that need to happen now and show proof.
Would we be at a loss if we waited till next year’s return to notify revenue of these changes ie tax bands, credits and domiciled.
No, purely a timing issue.do we lose out by not transferring tax credits and increasing spouses band to €80k now rather than waiting for tax return.
Also informing revenue of our position as domiciled here in USA does that need to happen now and show proof.
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