|Personal Tax Credits||2016 €||2015 €||2014 €||2013 €||2012 €|
|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|
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.