Table 2: Tax credits for wage tax/national insurance contributions for employees up to the state pension age 2021
Tax credit | Amount | Percentage | Remarks |
---|---|---|---|
General tax credit | €2,837 | N/A | For taxable wage up to €21,043 |
Phase out of the general tax credit | N/A | 5.977% | For taxable wage of €21,043 or more, but no more than €68,507 |
Phase out of the general tax credit maximum | €2,837 | N/A | For taxable wage of more than €68,507 |
Employed person’s tax credit | N/A | 4.581% | In as far as income from present employment is €10,108 or lower |
Employed person’s tax credit maximum | €463 | N/A | |
Employed person’s tax credit | N/A | 28.771% | In as far as income from present employment is more than €10,108, but no more than €21,835 |
Employed person’s tax credit maximum | €3,374 | N/A | |
Employed person’s tax credit | N/A | 2.663% | In as far as income from present employment is more than €21,835, but no more than €35,652 |
Employed person’s tax credit maximum | € 368 | N/A | |
Total employed person’s tax credit is maximum | € 4,205 | N/A | |
Phase-out of employed person's tax credit | N/A | 6.000% of the income above €35,652 | The phase-out is €4,205 when the income is more than €105,735 |
Tax credit for persons handicapped from early childhood | €761 | N/A | N/A |
Career-break leave credit | €223 | N/A | For each calendar year saved until 2011, solely for the transitional group |