Income Tax credits and reliefs for individuals over 65 and individuals caring for those over 65
Certain content relating to Income Tax matters previously contained in the leaflet IT 45 (Tax credits and reliefs for over 65’s) has been incorporated and updated accordingly into Tax and Duty Manual Part 15-01-26 – Income Tax credits and reliefs for individuals over 65 and individuals caring for those over 65.
- Section 464 Taxes Consolidation Act 1997 provides for an additional tax credit known as the Age Tax Credit for individuals aged 65 or over.
- The credit is due in the year that an individual reaches the age of 65 and the credit is granted for the full tax year.
- To qualify for the Age Tax Credit an individual must be entitled to the basic personal tax credit in accordance with section 461.
- In the case of an individual entitled to the basic personal tax credit, he or she will receive an additional tax credit of €245 in the year of assessment he or she is 65.
The manual also contains links to more comprehensive guidance on certain topics contained in other Tax and Duty Manuals.
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All the best,
The Team at Jefferson