Thousands of Irish people who missed out on €1,000 in free tax credit will be paid straight into their accounts – find out how to claim them here

MORE than half a million workers could miss out on a cash payment of up to €1,000 if they don’t reclaim their taxes, a Fianna Fail TD has claimed.

New figures show that more than 400 million euros worth of income taxes have yet to be claimed by workers who have not yet filed an income tax return for the last year.

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Treasury Secretary Michael McGrath announced that around 563,300 workers have yet to file income tax returns for the past year.

That amounts to one in four workers leaving a total of €400 million in cash yet to be claimed.

The figures were provided in response to a parliamentary question by Fianna Fail TD Aindrias Moynihan, who claimed workers could be missing out on between €500 and €1,000 worth of cash.

The Cork TD is urging people to go online to file their taxes as they could be entitled to a tidy sum of cash with earnings paid out within days.

He told the Irish Sun: “Over a four year period it could be anywhere from €500 to €1,000 per person per year.

“People are under pressure to pay ordinary bills and there’s some of their own hard-earned money just sitting around here, so it’s very important that they have access to it.

“It’s easy enough to make a claim as it can be done online or on paper.

“A lot of people don’t expect or think they have taxes that can be claimed so they might overlook them.

“Especially when changing jobs or starting a career, there are many taxes that people are not aware of and can be reclaimed.

“There’s the new tenant discount, there’s that too. It’s there and people need to be aware of it and have access to it.”

To claim your tax refund, people are asked to log into Revenue.ie and follow the simple instructions on the site.

So far, around €554 million for 2021 has been returned to taxpayers along with €193 million for 2022.

People can reclaim their taxes from the last four years if they haven’t already and could benefit from a large refund.

The rent deduction can be claimed for 2022 to 2026, this year around 400,000 should benefit from it.

And the cash boost hits the accounts instantly once the application is processed.

Figures from Secretary McGrath estimate that around 325,000 workers may have overpaid $190 million in taxes in 2021 alone.

In response to Deputy Moynihan, Secretary McGrath urged people to go online and claim their money.

He said: “The moral of the story is everyone should come back.

“A lot of people are entitled to refunds, but in my experience they have to go online and get in touch with the system where the refunds are issued quickly.

“The message to people is to check how they are being repaired. It’s easy to go online and make a claim.”