One Parent Family Tax Credit
One Parent Family Tax Credit
The Single Person Child Carer tax credit has been replaced by One Parent Family tax credit since January 1st 2014. This tax credit of €1650 is granted in addition to the single person tax credit to a person who has a qualifying child residing with him or her for the whole or greater part of the year. The person in receipt of the Single Person Child Carer tax credit is also entitled to an increased SRCOP of €36,800. Tax credits reduce the amount of tax that you have to pay.
The Single Parent Credit is not available to any person who is married, in a civil partnership, jointly assessed for tax purposes as a married person
The main difference between the Single Person Child Carer Credit (SPCCC) and the One-Parent Family Credit is that both parents could claim a OPFTC if the child or children lived with them for part of the year. Only one parent can claim the SPCCC in a tax year.
For More on One Parent Family Tax Credit Read:
Paycheck Plus, Your Award Winning Payroll Service
With more than 30 award wins already Paycheck Plus are the most decorated payroll company in Ireland. We provide comprehensive, ISO accredited payroll services to organisations off all sizes. Our multi-award-winning global payroll team specialise in all aspects of payroll, including payroll consultancy, payroll audits, payroll reporting, payroll training and much more.
To ensure payroll accuracy or for more information on our payroll services simply request a quote or call our Irish office on +353 (0) 1 905 9400.