Table 2: tax credits for wage tax/national insurance contributions for employees 2022
| Tax credit | Younger than state pension age | State pension age or older | Particulars | ||
|---|---|---|---|---|---|
| Amount | Percentage | Amount | Percentage | ||
| General tax credit | € 2,888 | € 1,494 | For taxable wages up to € 21,316 | ||
| Phasing out of general tax credit Maximum |
6.007% | 3.106% | For taxable wages of more than € 21,316, but less than € 69,398 | ||
| € 2,888 | € 1,494 | For taxable wages of more than € 69,398 | |||
| Employed person’s tax credit 1st accrual rate Maximum |
4.541% | 2.348% | For wages from current employment up to € 10,350 | ||
| € 470 | € 244 | ||||
| Employed person’s tax credit 2nd accrual rate Maximum |
28.461% | 14.718% | For wages from current employment of € 10,351 to € 22,356 | ||
| € 3,417 | € 1,767 | ||||
| Employed person’s tax credit 3rd accrual rate Maximum |
2.610% | 1.349% | For wages from current employment of € 22,357 to € 36,649 | ||
| € 373 | € 193 | ||||
| Total employed person’s tax credit 1st, 2nd and 3rd accrual rate maximum |
€ 4,260 | € 2,204 | |||
| Phasing out of employed person’s tax credit Maximum phasing out |
5.860% | 3.030% | For wages from current employment of € 36,650 or more | ||
| € 4,260 | € 2,204 | For wages of more than € 109,346 | |||
| Young disabled person’s tax credit | € 771 | € 399 | |||
| Elderly person’s tax credit | € 1,726 | Maximum amount if the annual wage does not exceed € 38,464. | |||
| Phasing out of elderly person’s tax credit Maximum phasing out |
15% | For wages of more than € 38,464, but less than € 49,971 | |||
| € 1,726 | For wages of more than € 49,971 | ||||
| Single elderly person’s tax credit | € 449 | ||||
