3 Oct 2022

Budget 2023 Summary - Key Tax Measures

Budget 2023 Summary - Key Tax Measures


BUDGET 2023 SUMMARY

These are the key tax measures in the Budget Statement by the Minister for Finance on 27 September 2022.


See link to Revenue Budget Summary Information 2023 at:


https://revenue.ie/en/corporate/press-office/budget-information/2023/budget-summary-2023.pdf

 

Income Tax

Tax Credits

Changes are in bold. Tax Credit

2022 €

2023 €

Single person

1,700

1,775

Married or in a civil partnership

3,400

3,550

Employee Tax Credit

1,7000

1,775

Earned Income Tax Credit

1,700

1,775

Widowed person or surviving civil partner (without qualifying child)

2,240

2,315

Single person Child Carer Tax Credit

1,650

1,650

Incapacitated Child Credit

3,300

3,300

Blind Tax Credit Single person

Married or in a civil partnership:

    • one spouse or civil partner blind
  • both spouses or civil partners blind

1,650

1,650

3,300

1,650

1,650

3,300

Widowed Parent

    • Bereaved in 2022
    • Bereaved in 2021
    • Bereaved in 2020
    • Bereaved in 2019
  • Bereaved in 2018

- 3,600

3,150

2,700

2,250

3,600

3,150

2,700

2,250

-

Age Tax Credit

    • Single or widowed or surviving civil partner
  • Married or in a civil partnership

245

490

245

490

Dependent Relative

245

245

Home Carer Tax Credit

1,600

1,700

Tax Rates and Tax Bands

Changes are in bold. Personal

Circumstances

2022 €

2023 €

Single or widowed or surviving civil partner, without qualifying child  partner, without qualifying child

36,800 @

20%

Balance @ 40%

40,000 @

20%

Balance @ 40%

Single or widowed or surviving civil partner, qualifying for single person child carer credit

40,800 @

20%

Balance @ 40%

44,000 @

20%

Balance @ 40%

Married or in a civil partnership, one spouse or civil partner with income

45,800 @

20%

Balance @ 40%

49,000 @

20%

Balance @ 40%

Married or in a civil partnership, both spouses or civil partners with income

45,800 @

20% with increase of 27,800

max. Balance @ 40%

49,000 @

20% with increase of 31,000

max. Balance @ 40%




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