Table 2: Tax credits for wage tax/national insurance contributions for employees up to the state pension age 2020
Tax credit | Amount | Percentage | Remarks |
---|---|---|---|
General tax credit | €2,711 | N/A | For taxable wage up to €20,711 |
Phase out of the general tax credit | N/A | 5.672% | For taxable wage of €20,711 or more, but no more than €68,507 |
Phase out of the general tax credit maximum | €2,711 | N/A | For taxable wage of more than €68,507 |
Employed person's tax credit | N/A | 2.812% | In as far as income from present employment is €9,921 or lower |
Employed person's tax credit maximum | €279 | N/A | |
Employed person's tax credit | N/A | 28.812% | In as far as income from present employment is more than €9,921, but no more than €21,430 |
Employed person's tax credit maximum | €3,316 | N/A | |
Employed person's tax credit | N/A | 1.656% | In as far as income from present employment is more than €21,430, but no more than €34,954 |
Employed person's tax credit maximum | €224 | N/A | |
Total employed person's tax credit is maximum | €3,819 | N/A | |
Phase-out of employed person's tax credit | N/A | 6.000% of the income above €34,954 | The phase-out is €3,819 when the income is more than €98,604 |
Tax credit for persons handicapped from early childhood | € 749 | N/A | N/A |
Career-break leave credit | €219 | N/A | For each calendar year saved until 2011, solely for the transitional group |