Miscalculation by Finance ‘denies funds to working poor’

MISCALCULATIONS by the Department of Finance has left the working poor out of pocket when they could have received the benefits of refunded tax credits, a non-profit organisation claims.

Social Justice Ireland has said the department over-estimated by 95% the cost of a proposal to make tax credits refundable to low-income households.

The director of Social Justice Ireland, Fr Seán Healy, said making tax credits refundable to the working poor would benefit 113,000 low-income individuals, or 240,000 people when their families are included.