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Tax Credits |
2010 € |
2011 € |
2012 € |
|
| Single Person | 1,830 |
1,650 |
1,650 |
|
| Married Person | 3,660 |
3,300 |
3,300 |
|
| PAYE Credit | 1,830 |
1,650 |
1,650 |
|
| Widowed Parent (without dependant children) | 2,430 |
2,190 |
2,190 |
|
| One Parent Family Credit | 1,830 |
1,650 |
1,650 |
|
| Incapacitated child Credit Max | 3,660 |
1,650 |
1,650 |
|
| Blind Tax Credit | ||||
| Single Person | 1,830 |
1,650 |
1,650 |
|
| Married - One Spouse Blind | 1,830 |
1,650 |
1,650 |
|
| Married - Both Spouse Blind | 3,660 |
3,300 |
3,300 |
|
| Widowed Parent | ||||
| Bereaved in 2010 | - |
3,600 |
3,600 |
|
| 2009 | 4,000 |
3,150 |
3,150 |
|
| 2008 | 3,500 |
2,700 |
2,700 |
|
| 2007 | 3,000 |
2,250 |
2,250 |
|
| 2006 | 2,500 |
1,800 |
1,800 |
|
| 2005 | 2,000 |
- |
- |
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| Age Tax Credit | ||||
| Single / Widowed | 325 |
245 |
245 |
|
| Married | 650 |
490 |
490 |
|
| Dependant Relative | 80 |
70 |
70 |
|
| Home Carer | 900 |
810 |
810 |
|
Exemption Limits - 65 - Years and Over |
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| Single / Widowed | 20,000 |
18,000 |
18,000 |
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| Married | 40,000 |
36,000 |
36,000 |
|
Standard Rate Bands |
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| Single Widowed | 36,400 |
32,800 |
32,800 |
|
| Married Couples, One Income | 45,400 |
41,800 |
41,800 |
|
| Married Couples, Two Income (Similar Salaries) | 72,800 |
65,600 |
65,600 |
|
| One parent / widowed parent | 40,400 |
36,800 |
36,800 |
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Tax Rates |
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| Standard Rate | 20% |
20% |
20% |
|
| Top Rate | 41% |
40% |
40% |
|
PRSI |
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| Weekly Threshold | 352 |
352 |
352 |
|
| Employee PRSI Rate | 4% |
4% |
4% |
|
| Employer PRSI Rate | 10.75% |
10.75% |
10.75% |
|
Universal Social Charge (USC) |
||||
| Income less than 10,036 | 2% |
0% |
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| Income 10,036 - 16,016 | 4% |
4% |
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| Income greater than 16,016 | 7% |
7% |
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| Different Rates if over 70 years | ||||
Health Levy |
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| Threshold (Annual) | 26,000 |
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| Income up to €100,000 (Up to €1,925 pw) | 4% |
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| Income up to €100,000 (Over €1,295 pw) | 5% |
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Income Levy |
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| Income up to €75,036 (Up to €1,443 pw) | 2% |
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| Income between €75,036 and €174,980 | 4% |
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| Excess over €174,980 (over €3,365 pw) | 6% |
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| * It is advisable to have a professional accountant prepare income tax, PRSI and USC calculations as there are a number of variables which cannot be summarised here | ||||
Rent-a-Room Relief
Where a room (or rooms) in a person’s sole or main residence is (are)
let as residential accommodation, gross annual rental income of a specified amount is exempt from
tax. Relief in respect of mortgage interest relief is not affected. The relevant Capital Gains
Tax/Stamp Duty provisions are also not affected. For more information see Leaflet IT 70.
Home Carer Tax Credit
One spouse (the ‘home carer’) works in the home caring
for one or more dependent persons, i.e. a child for whom they are entitled to Social Welfare child
benefit, a person aged 65 or over, or a person who is permanently incapacitated by reason of mental
or physical infirmity and the qualifying person normally resides with the couple for the year.
The tax credit is not available to married couples that are taxed as single persons. Neither is the tax credit available to married couples who claim the increased standard rate tax band for dual income couples. For more information and also to claim the relief due complete the application form and send it to your local Revenue office.
Health / Medical Expenses Relief
You may claim tax relief on a Form MED , at standard rate of tax,
for certain medical expenses incurred by you, your spouse, your dependent child or a dependent
relative. Most medical expenses, with some exceptions e.g. routine dental and ophthalmic care,
qualify for relief. You cannot claim relief for any expenditure which has been or will be reimbursed,
e.g. by VHI, Vivas, a Health Authority, or where a compensation payment is made or will be
made.
