If you are working in Ireland, your income is eligible for tax. The amount of tax you pay depends on your type of employment and your personal circumstances. For full and complete information on Tax bands, credits, reliefs and how to apply please go to the Revenue Commissioners website at:
http://www.revenue.ie/en/tax/it/leaflets/it1.html
Standard tax bands:
20% 41%
Single Person €36,400 Balance
One parent family €40,400 Balance
Married couple (One income) €45,400 Balance
Married couple (Two incomes) Up to €72,800 Balance
(increase limited to the amount of the second income)
Tax Credits
Tax credits reduce the amount of tax that you have to pay. They are deducted after your tax has been calculated so are worth the same to all taxpayers.
As well as the Revenue Commissioners website www.revenue.ie , information on tax credits can also be found at: http://www.citizensinformation.ie/en/money_and_tax/tax/income_tax_credits_and_reliefs/
Income Levy
The income levy is charged on your gross income.
Income levy rates are:
• 2% on income up to €75,036
• 4% on income from €75,037 to €174,980
• 6% on income above €174,980
You must pay the income levy if:
• You are under 65 and your gross income is above €15,028 per year or €289 per week
• You are aged 65 or over and your annual gross income is more than €20,000 for a single person or €40,000 for a married couple.
You do not pay the income levy if you:
• Are under 65 with an annual gross income not more than a specified limit
Are aged 65 or over with an annual gross income not more than €20,000 for a single individual or €40,000 for a married couple
• Have a full medical card. The exemption is due as long as you held a full medical card for some period during the year.
Further information can be found at http://www.citizensinformation.ie/en/money_and_tax/tax/income_tax/income_levy.html