Republic of Ireland Budget 2019 - Personal Tax
Minister of Finance, Paschal Donohoe, delivered his 2nd budget today, 9th October
Personal Tax
- From 1 January 2019 the minimum wage will be increased to €9.80.
- The threshold at which individuals start paying the higher 40% rate of income tax will rise by €750, from €34,550 to €35,300.
- The 4.75% USC rate will fall by 0.25% to 4.5% and the threshold at which people start paying this rate will be increased from €19,372 to €19,874. This will ensure that those benefiting from the increase in the minimum wage will remain in the 2% USC bracket.
- The home carer tax credit is increasing by €300 to €1,500.
- The earned income tax credit for the self employed is increasing by €200 to €1,350.
- The change to 100% mortgage interest relief for landlords has been brought forward to 1 January 2019. This is in marked contrast to the UK government’s policy of increasingly restricting the relief for landlords.
Back to summary of Republic of Ireland Budget 2019
A PDF version of the full Summary of the Facts is available here.
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