INCOME TAX

Tax Credits

Tax Credit	2016 €	2017 ​€	2018 ​€
Single Person	1650	1650	1650
Married or in a Civil Partnership	3300	3300	3300
PAYE Tax Credit	1650	1650	1650
Widowed Person or Surviving Civil Partner (without a qualifying child)	2190	2190	2190
Single Person Child Carer Tax Credit	1650	1650	1650
Incapacitated Child Credit Max	3300	3300	3300
Blind Person's Tax Credit: Single Person​	1650	1650	1650
Blind Person's Tax Credit: ​Married/Civil Partnership - One spouse/civil partner blind	1650	1650	1650
Blind Person's Tax Credit: Married/Civil Partnership - Both spouses or Civil Partners blind	3300	3300	3300
Widowed Parent: ​Bereaved 2017	-	-	3600
Widowed Parent: ​Bereaved 2016	-	3600	3150
Widowed Parent: ​Bereaved 2015	-	3150	2700
Widowed Parent: ​Bereaved 2014	2700	2700	-
Widowed Parent: ​Bereaved 2013	2700	2250	-
Widowed Parent: ​Bereaved 2012	2250	1800	-
Widowed Parent: ​Bereaved 2011	1800		-
Age Tax Credit: Single, Widowed or Surviving Civil Partner	245	245	-
Age Tax Credit: Married or in a Civil Partnership	490	490	-
Dependent Relative	70	70	-
Home Carer Tax Credit	810	810	-

Marginal Rate Reliefs

Relief (allowed at taxpayer's top rate of tax)	2015 ​€Max	2016 ​€Max	2017 ​€Max
Employing a carer	75000	75000	75000

Tax Rates and Tax Bands

Personal Circumstances	2016 ​€	2017 ​€	2017 ​€
Single/Widowed/Surviving Civil Partner, without qualifying child	33800 @ 20% ​Balance @ 40%	33800 @ 20% ​Balance @ 40%	34550 @ 20% ​Balance @ 40%
Single/Widowed/Surviving Civil Partner, qualifying for Single Person Child Carer Credit	37800 @ 20% ​Balance @ 40%	37800 @ 20% Balance @ 40%	37800 @ 20% Balance @ 40%
Married or in a Civil Partnership, one spouse or Civil Partner with income	42800 @ 20% ​Balance @ 40%	42800 @ 20% ​Balance @ 40%	42800 @ 20% ​Balance @ 40%
Married or in a Civil Partnership, both spouses or Civil Partners with income	42800 @ 20% with increase of 24,800 max. ​Balance @ 40%	42800 @ 20% with increase of 24,800 max. ​Balance @ 40%	42800 @ 20% with increase of 24,800 max. ​Balance @ 40%

Exemption Limits

Personal Circumstances	2015 ​€	2016 ​€	2017 ​€
Single/Widowed/Surviving Civil Partner, 65 years or over	18000	18000	18000
Married or in a Civil Partnership, 65 years or over	36000	36000	36000

Earned Income Tax Credit

The  maximum Earned Income Tax Credit for the self-employed was increased in Budget 2018 from €950 to €1150. The tax credit is calculated at 20% of an individual's earned income now subject to the new maximum of €1150.

Home Carer Tax Credit

In Budget 2017, Home Carer's Tax Credit was increased by €100 to €1,100.

Rent a Room Scheme

Rent a room scheme relief was increased in Budget 2017 by €2,000 to €14,000 per annum.

Mortgage Interest Relief

Budget 2017 extended mortgage interest relief beyond December 2017 to 2020. The details are to be provided in Budget 2018.

"SARP" and "FED" 

Budget 2017 extended the Special Assignee Relief Programme ("SARP") and the Foreign Earnings Deduction ("FED") to 2020. The FED is to be changed to reduce the foreign work days required to qualify from 40 to 30 and it is also extended to cover Columbia and Pakistan.

Fisherman Income Tax Credit 

Budget 2017 introduced a new tax credit of €1,270 for fisherman

Start Your Own Business Relief

The Start Your Own Business Relief, due to expire on 31 December 2016 was extended by Budget 2017 for a further two years. The scheme provides an exemption from Income Tax up to €40,000 per annum for two years for individuals who have been unemployed for 12 months or more who start a new qualifying business.