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A child includes a stepchild or an adopted child. If the child resides with both parents for part of the year, both parents can claim the full credit. [4] The Single Person Child Carer credit cannot be claimed by a person who qualifies for the Married Person's Tax Credit, or a person living together with another person as a married couple. [4]
The principal tax credit is the personal tax credit, which is currently €1,650 per year for a single person and €3,300 per year for a married couple. A widowed person in the year of bereavement, or for as long as they have dependent children, may claim the €3,300 credit as well; [ 44 ] a higher credit is available to widowed parents ...
€520 million of income tax reductions include increasing the standard rate band by €1,500 and increasing each of the personal tax credit, employee tax credit and earned income credit by €50. Reduced VAT rate of 9% for the hospitality sector will remain in place to the end of August 2022. Minimum wage rises 30 cent to €10.50 per hour.
The 2025 Irish budget was the Irish Government Budget for the 2025 fiscal year, which was presented to Dáil Éireann on 1 October 2024 by Minister for Finance Jack Chambers, and the Minister for Public Expenditure, National Development Plan Delivery and Reform Paschal Donohoe.
Disability Allowance is payable to disabled people over 16 and under 66 years of age. The disability must have continued, or be expected to continue, for at least 12 months. It must cause substantial restrictions in undertaking work that would otherwise be suitable for a person of your age, experience and qualifications.
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With a higher tax ceiling of €14,000 (from €12,000), the government hopes to encourage homeowners to rent out a vacant room. The Home Renovation Incentive Scheme is being extended by two years to the end of 2018 to help those not buying new homes. The home carers’ credit is to increase by €100 to bring it up to €1,100.
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