A number of measures were announced on Tuesday 27 September 2022 by the Minister for Finance and the Minister for Public Expenditure and Reform. Here is a link to Revenue summary on same:





Income Tax

An increase of €3,200 in the income tax standard rate cut-off point for all earners, from €36,800 to €40,000 for single individuals and from €45,800 to €49,000 for married couples / civil partners with one earner.

An increase of €75 in the Personal Tax Credit from €1,700 to €1,775

An increase of €75 in the Employee Tax Credit from €1,700 to €1,775

An increase of €75 in the Earned Income Credit from €1,700 to €1,775

An increase of €100 in the Home Carer Tax Credit from €1,600 to €1,700


An increase of €1,625 to the 2% rate band ceiling from €21,295 to €22,920 The reduced rate of USC concession for medical card holders is being extended for a further year.


Small Benefit Exemption

An increase in the limit to €1,000 and an increase in the number of benefits in a year that an employer can give from one to two per year.

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