If you care for a dependant relative you may be entitled to the dependent relative tax credit.
This credit can be claimed by a person who maintains a relative who:
- Is incapacitated due to old age or infirmity.
- Is a widowed mother/father or mother in law/ father in law regardless of age and health.
- Is a son/daughter with whom which you reside and depend on due to old age or infirmity.
This tax credit is not available if the dependent relative has income in excess of €13,837. If your dependent relative is your child it would be advisable to look at claiming the incapacitated child credit as this is available irrespective of the relatives income. It should be noted that you cannot claim both these tax credits.
In addition to this tax credit you may also be able to claim Mortgage Interest relief in respect of interest paid on a loan for a residence for that dependent relative.
The dependent relative tax credit is €70 for 2011.
If you require any further information regarding the dependent relative tax credit please do not hesitate to contact us.