Friday September 25, 2020

Budget 2020: Minor key: what the changes in income tax really mean

Minimal adjustments don’t alter the fact that Ireland’s personal tax regime needs work if we want to attract more people here

13th October, 2019
2

Although minimal personal tax changes were touted, it was still a surprise that Budget 2020 changes included only a modest increase of €100 to €1,600 for the Home Carer Credit (available to a carer spouse or civil partner whose income does not exceed €7,200 pa) and a €150 increase to €1,500 in the Earned Income Credit available to self-employed persons. With a nod to climate change initiatives, the 0 per cent benefit in kind rate,...

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