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TAX EFFICIENT PREGNANCIES

Expectant parents could save more than €1,000 by being tax-efficient during pregnancy, The Sunday Business Post reports.

Transport by ambulance for pregnancy-related travel, physiotherapy and hospital-based ante-natal treatment would all qualify for relief. Also, in many cases consultants’ fees and other additional necessary services would come into the equation.

Following birth, claims may also be allowed on the cost of follow-up treatments, check-ups and medicines.

Tax relief on medical expenses is now capped at 20%, regardless of the individual’s tax bracket but claims can still be backdated for four years and before 2009 the rate was 41%.

If you think you have unclaimed medical expenses contact Anthony Casey to process your tax refund claim.

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