Table 2: Tax credits for wage tax/national insurance contributions for employees 2022

Tax credit	Younger than state pension age		State pension age or older		Particulars
	Amount	Percentage	Amount	Percentage
General tax credit	€2,888	N/A	€1,494	N/A	For taxable wages up to €21,316
Phasing out of general tax credit	N/A	6.007%	N/A	3.106%	For taxable wages of more than €21,316, but less than €69,398
Phasing out of general tax credit maximum	€2,888	N/A	€1,494	N/A	For taxable wages of more than €69,398
Employed person's tax credit (1st accrual rate)	N/A	4.541%	N/A	2.348%	For wages from current employment up to €10,350
Employed person's tax credit (1st accrual rate) maximum	€470	N/A	€244	N/A	For wages from current employment up to €10,350
Employed person's tax credit (2nd accrual rate)	N/A	28.461%	N/A	14.718%	For wages from current employment of €10,351 to €22,356
Employed person's tax credit (2nd accrual rate) maximum	€3,417	N/A	€1,767	N/A	For wages from current employment of €10,351 to €22,356
Employed person's tax credit (3rd accrual rate)	N/A	2.610%	N/A	1.349%	For wages from current employment of €22,357 to €36,649
Employed person's tax credit (3rd accrual rate) maximum	€373	N/A	€193	N/A
Total employed person's tax credit 1st, 2nd and 3rd accrual rate maximum	€4,260	N/A	€2,204	N/A
Phasing out of employed person's tax credit	N/A	5.860%	N/A	3.030%	For wages from current employment of €36,650 or more
Phasing out of employed person's tax credit, maximum phasing out	€4,260	N/A	€2,204	N/A	For wages of more than €109,346
Young disabled person's tax credit	€771	N/A	€399	N/A	N/A
Elderly person's tax credit	N/A	N/A	€1,726	N/A	Maximum amount if the annual wage does not exceed €38,464
Phasing out of elderly person's tax credit	N/A	N/A	N/A	15%	For wages of more than €38,464, but less than €49,971
Phasing out of elderly person's tax credit, maximum phasing out	N/A	N/A	€1,726	N/A	For wages of more than €49,971
Single elderly person's tax credit	N/A	N/A	€449	N/A	N/A