Table 2a/2b: tax credits for wage tax/national insurance contributions up to the state pension age 2024
| Tax credit | Younger than state pension age | State pension age or older | Particulars | ||
|---|---|---|---|---|---|
| Amount | Percentage | Amount | Percentage | ||
| General tax credit | €3,362 | €1,735 | For taxable wages up to €24,812 | ||
| Phasing out of general tax credit Maximum |
6.630% | 3.420% | For taxable wages of more than €24,812, but less than €75,518 | ||
| €3,362 | €1,735 | For taxable wages of more than €75,518 | |||
| Employed person’s tax credit 1st accrual rate Maximum |
8.425% | 4.346% | For wages from current employment up to €11,490 | ||
| €968 | €501 | ||||
| Employed person’s tax credit 2nd accrual rate Maximum |
31.433% | 16.214% | For wages from current employment of €11,490 to €24,820 | ||
| €4,190 | €2,161 | ||||
| Employed person’s tax credit 3rd accrual rate Maximum |
2.471% | 1.275% | For wages from current employment of €24,820 to €39,957 | ||
| €374 | €192 | ||||
| Total employed person’s tax credit 1st, 2nd and 3rd accrual rate maximum |
€5,532 | €2,854 | |||
| Phasing out of employed person’s tax credit Maximum phasing out |
6.510% | 3.358% | For wages from current employment of €39,957 or more | ||
| €5,532 | €2,854 | For wages of more than €124,934 | |||
| Young disabled person’s tax credit | €898 | €424 | |||
| Elderly person’s tax credit | €2,010 | Maximum amount if the annual wage does not exceed €44,770. | |||
| Phasing out of elderly person’s tax credit Maximum phasing out |
15,000% | For wages of more than €44,770, but less than €58,170 | |||
| €2,010 | For wages of more than €49,971 | ||||
| Single elderly person’s tax credit | €524 | ||||
