Marginal Rate Reliefs
Tax Rates and Tax Bands
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.