Budget 2025

There have been no changes to the rates of income tax.

Tax credits (main)

Tax credit	2025 (€)	2024 (€)
Single person	2,000	1,875
Married person	4,000	3,750
PAYE credit	2,000	1,775
Earned Income Credit	2,000	1,875
Single person child carer	1,900	1,750
Incapacitated child credit max	3,800	3,500
Age tax credit – Single or widowed	245	245
Age tax credit – Married	490	490
Dependent relative	305	245
Home carer	1,950	1,800
Rent tax credit (single)	1,000	750

Tax bands 

Personal circumstances	2025 (€)	2024 (€)
Single or widowed without dependent children	44,000 @ 20%Balance @ 40%	42,000 @ 20%Balance @ 40%
Single or widowed qualifying for single person child carer credit	48,000 @ 20%Balance @ 40%	46,000 @ 20%Balance @ 40%
Married, one spouse with income	53,000 @ 20%Balance @ 40%	51,000 @ 20%Balance @ 40%
Married, both spouses with income	53,000 @ 20% with increase of 35,000 max. Balance @ 40%	51,000 @ 20% with increase of 33,000 max. Balance @ 40%

Exemption limits 

Personal circumstances	2025 (€)	2024 (€)
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% USC	Up to 12,012 @ 0.5% 12,013 – 27,382 @2% 27,383 – 70,044 @ 3% Balance @ 8%	Up to 12,012 @ 0.5% 12,013 – 25,760 @2% 25,761 – 70,044 @ 4% Balance @ 8%
Non PAYE income above 100,000	11%	11%

Tax rates (main)

Tax head	Rate
	2025	2024
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% / 3% / 8%	0.5% / 2% / 4% / 8%
PRSI (employee / self-employed)	4.1%	4%
PRSI (employer)	8.9% / 11.15%	8.8% / 11.05%
Stamp Duty (residential)	1% – 2% – 6%	1% – 2%
Stamp Duty (commercial)	6%	6%