Table 2a/2b: tax credits for wage tax/national insurance contributions for employees 2024

Tax credit	Younger than state pension age		State pension age or older		Particulars
	Amount	Percentage	Amount	Percentage
General tax credit	€3,362	N/A	€1,735	N/A	For taxable wages up to €24,812
Phasing out of general tax credit	N/A	6.630%	N/A	3.420%	For taxable wages of more than €24,812, but less than €75,518
Phasing out of general tax credit maximum	€3,362	N/A	€1,735	N/A	For taxable wages of more than €75,518
Employed person's tax credit (1st accrual rate)	N/A	8.425%	N/A	4.346%	For wages from current employment up to €11,490
Employed person's tax credit (1st accrual rate) maximum	€968	N/A	€501	N/A	For wages from current employment up to €11,490
Employed person's tax credit (2nd accrual rate)	N/A	31.433%	N/A	16.214%	For wages from current employment of €11,490 to €24,820
Employed person's tax credit (2nd accrual rate) maximum	€4,190	N/A	€2,161	N/A	For wages from current employment of €11,490 to €24,820
Employed person's tax credit (3rd accrual rate)	N/A	2.471%	N/A	1.275%	For wages from current employment of €24,820 to €39,957
Employed person's tax credit (3rd accrual rate) maximum	€374	N/A	€192	N/A
Total employed person's tax credit (1st, 2nd and 3rd accrual rate) maximum	€5,532	N/A	€2,854	N/A
Phasing out of employed person's tax credit	N/A	6.510%	N/A	3.358%	For wages from current employment of €39,957 or more
Phasing out of employed person's tax credit, maximum phasing out	€5,532	N/A	€2,854	N/A	For wages of more than €124,934
Young disabled person's tax credit	€898	N/A	€424	N/A	N/A
Elderly person's tax credit	N/A	N/A	€2,010	N/A	Maximum amount if the annual wage does not exceed €44,770.
Phasing out of elderly person's tax credit	N/A	N/A	N/A	15.000%	For wages of more than €44,770, but less than €58,170
Phasing out of elderly person's tax credit, maximum phasing out	N/A	N/A	€2,010	N/A	For wages of more than €49,971
Single elderly person's tax credit	N/A	N/A	€524	N/A	N/A