Guide To Personal Tax Rates & Credits 2017

Author:Mr Ronan T. O'Grady
Profession:O'Gradys Solicitors
 
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PERSONAL TAX RATES & BANDS 2017

Single, Widowed or a Surviving Civil Partner without qualifying children

€33,800 @ 20%, Balance @ 40%

Single, Widowed or a Surviving Civil Partner qualifying for One Parent Family Tax Credit (2013)

€37,800 @ 20%, Balance @ 40%

Married or in a Civil Partnership - one Spouse or Civil Partner with income

€42,800 @ 20%, Balance @ 40%

Married or in a Civil Partnership - both Spouses or Civil Partners with income

€42,800 @ 20% (with an increase of €24,800 max), Balance @ 40%

PERSONAL TAX CREDITS 2017

Single Person

€1,650

Married Person or Civil Partner

€3,300

Widowed Person or Surviving Civil Partner - qualifying for Single Person Child Carer Credit

€1,650

Widowed Person or Surviving Civil Partner without qualifying children

€2,190

Single Person Child Carer Credit

€1,650

Widowed Person or Surviving Civil Partner in year of bereavement

€3,300

Widowed Person or Surviving Civil Partner Tax Credit (with qualifying child) - Bereaved in 2016

€3,600

Home Carer Tax Credit

€1,100

 PAYE Tax Credit

€1,650

Earned Income Tax Credit

€950

Age Tax Credit if Single, Widowed or Surviving Civil Partner

€245

Age Tax Credit if Married or in a Civil Partnership

€490

Incapacitated Child Tax Credit

€3,300

Dependent Relative Tax Credit

€70

Blind Person's Tax Credit - Single/One Spouse/Civil Partner Blind*

€1,650

Blind Person's Tax Credit - Both Spouses or Civil Partners Blind

€3,300

Incapacitated Person - Relief for Employing a Carer

€75,000

EXEMPTION LIMITS 2017

Single/Widowed/Surviving Civil Partner 65 years of age or over

€18,000

Married/Civil Partnership 65 years of age or over

€36,000

Single/Widowed/Surviving Civil Partner/Married or in a Civil Partnership 65 years of age or over - Additional for 1st and 2nd qualifying child

€575

Single/Widowed/Surviving Civil Partner/Married or in a Civil Partnership 65 years of age or over - Additional for each subsequent qualifying child

€830

Marginal Relief Tax Rate*

40%

 *The Marginal Relief Tax Rate only applies to persons 65 years of age or over.

CHILDCARE SERVICES RELIEF

Childcare Services Relief is granted on income arising from the provision of certain childcare services. When the gross annual income from the provision of childcare services does not exceed €15,000, the income is exempt from tax. HEALTH EXPENSES RELIEF

Individuals may claim tax relief at the standard rate of tax (with the exception of nursing home expenses for which tax relief is available at your highest rate of tax) for...

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