Personal Tax Credits 2016 € 2015 € 2014 € 2013 € 2012 €
Single Person 1,650 1,650 1,650 1,650 1,650
Married Person 3,300 3,300 3,300 3,300 3,300
Employee PAYE Tax Credit 1,650 1,650 1,650 1,650 1,650
Self-Employed Tax Credit Max 550 0 0 0 0
One Parent Family Tax Credit 0 0 1,650 1,650 1,650
Single Person Child Carer Credit 1,650 1,650 0 0 0
Age Tax Credit – Single 245 245 245 245 245
Age Tax Credit – Married 490 490 490 490 490
Home Carer’s Tax Credit Max 1,000 Max 810 Max 810 Max 810 Max 810
Rent Tax Credit <55 – Single 80 120 160 200 240
Rent Tax Credit >55 – Single 160 240 320 400 480

Notes

Married Person

Means Married Person or Civil Partnership.

Employee PAYE Tax Credit

This tax credit is for all employees. This tax credit is also applied for people receiving taxable social welfare payments like Illness Benefit, Jobseeker’s Benefit, Carer’s Benefit, State Pension, Widow’s Pension, Invalidity Pension, Maternity Benefit, Injury Benefit, One Parent Family Payment, Carer’s Allowance, Job Initiative, Community Employment (CE) etc.

Jobseeker’s Benefit is generally taxable, but the first €13 each week is exempt from tax. Jobseeker’s Benefit payable to short-time workers is not taxable. Universal Social Charge and social insurance (PRSI) is not payable on social welfare payments.

If a social welfare payment is your only source of income, you may not pay tax, because your tax liability does not exceed your tax credits. For example PAYE tax credit will cover social payment up to €8,250 value per year.

Self-Employed Tax Credit

Full name Earned Income Tax Credit introduced in 2016. Generally for all self-employed who are basically not getting PAYE tax credit.

Age Tax Credit

For any person who is aged 65 or over.

Home Carer’s Tax Credit

Generally for couples where husband is working and his wife is taking care for child/ren. If his wife is working part-time, her income needs to be less than €7,200 per year for her husband to get this tax credit.

Rent Tax Credit

<55 – means for persons aged below 55 years old, >55 – means for persons aged over 55 years old. People over 55 years of age are getting bigger rent tax credit.