It’s a tidy sum.
Thousands of Irish J1 students have been urged to apply for a potential €645 tax windfall before April 17th.
According to tax refund specialists Taxback.com, up to half of the 30,000 youngsters who took part in the J1 programme within the last four years have yet to claim their tax refund.
But you better get your skates on: there’s only two weeks remaining to do so.
Thanks to recent changes, 2018 could signal the final year of this lucrative tax break.
“In introducing the Tax Cuts and Jobs Act of 2017, President Trump eliminated the personal exemption for tax years 2018 through 2025.” explains Eileen Devereux, Commercial Director at Taxback.com.
“This is likely to affect the thousands of Irish students who go to the US every summer to work. We’re calling on anyone who took part in this programme over the last four years to come forward and get their refund – particularly anyone who was there in the summer of 2014 as their window to claim is closing soon – after April 17th they will no longer be eligible for a refund.”
Approximately 30,000 students have taken part in a J1 working holiday over the last four years.
That means at least 15,000 of them are due a handy wad of cash… just the thing to help fund those epic summer travel plans.
Download the handy ‘J1 Student’s Bullsh*t-Free Guide to Tax in the US‘ here.