Budget 2024
There have been no changes to the rates of income tax.
Tax credits (main)
Tax credit | 2024 (€) | 2023 (€) |
Single person | 1,875 | 1,775 |
Married person | 3,750 | 3,550 |
PAYE credit | 1,875 | 1,775 |
Earned Income Credit | 1,875 | 1,775 |
Single person child carer | 1,750 | 1,650 |
Incapacitated child credit max | 3,500 | 3,300 |
Age tax credit – Single or widowed | 245 | 245 |
Age tax credit – Married | 490 | 490 |
Dependent relative | 245 | 245 |
Home carer | 1,800 | 1,700 |
Rent tax credit (single) | 750 | 500 |
Tax bands
Personal circumstances | 2024 (€) | 2023 (€) |
Single or widowed without dependent children | 42,000 @ 20%Balance @ 40% | 40,000 @ 20%Balance @ 40% |
Single or widowed qualifying for single person child carer credit | 46,000 @ 20%Balance @ 40% | 44,000 @ 20%Balance @ 40% |
Married, one spouse with income | 51,000 @ 20%Balance @ 40% | 49,000 @ 20%Balance @ 40% |
Married, both spouses with income | 51,000 @ 20% with increase of 33,000 max. Balance @ 40% | 49,000 @ 20% with increase of 25,550 max. Balance @ 40% |
Exemption limits
Personal circumstances | 2024 (€) | 2023 (€) |
Single or widowed, 65 years of age & over | 18,000 | 18,000 |
Married, 65 years of age & over | 36,000 | 36,000 |
Universal Social Charge
Income (€) | Rate | |
2024 (€) | 2023 (€) | |
Persons aged 70 and over with a medical card and income is €60,000 or less will pay a maximum of 3.5% USC | Up to 12,012 @ 0.5 12,013 – 25,760 @2% 25,761 – 70,044 @ 4% Balance @ 8% | Up to 12,012 @ 0.5% 12,013 – 22,920 @ 2% 22,921 – 70,044 @ 4.5% Balance @ 8% |
Non PAYE income above 100,000 | 11% | 11% |
Tax rates (main)
Tax head | Rate | |
2024 | 2023 | |
Income tax | 20% / 40% | 20% / 40% |
Corporation tax | 12.5% / 25% / 6.25% | 12.5% / 25% / 6.25% |
Capital Gains Tax | 33% / 10% | 33% / 10% |
Capital Acquisitions Tax | 33% | 33% |
Value added Tax | 23% / 13.5% / 9% | 23% / 13.5% / 9% |
Deposit Interest Retention Tax | 39% | 39% |
USC | 0.5% / 2% / 4.75% / 8% | 0.5% / 2% / 4.75% / 8% |
PRSI (employee / self-employed) | 4% | 4% |
PRSI (employer) | 8.5% / 10.75% | 8.5% / 10.75% |
Stamp Duty (residential) | 1% – 2% | 1% – 2% |
Stamp Duty (commercial) | 6% | 6% |