Revenue has updated guidance on the age tax exemption and marginal relief available for individuals aged 65 or older providing additional details on claiming the exemption and the method by which the exemption is granted.
The guidance clarifies that the age exemption is available where total income does not exceed the relevant exemption limit, and outlines that the four-year rule for making a refund claim applies where the taxpayer believes the exemption was due and was not applied.
A new example has been included to outline a scenario where marginal relief is not beneficial to a taxpayer and other examples throughout the manual have been updated to reflect the standard rate tax bands and personal tax credits in place for the 2025 tax year.
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