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The table below outlines the income tax position with regard to the main tax credits for 2012.
| Tax credit |
2012 (€) |
2011 (€) |
| Single person |
1,650 |
1,830 |
| Married person |
3,300 |
3,660 |
| PAYE credit |
1,650 |
1,830 |
| One parent family credit |
1,650 |
1,830 |
| Home carer |
810 |
900 |
The table below sets out the tax rates and bands for 2012.
| Personal circumstances |
2012 (€) |
2011 (€) |
Single / Widowed without
dependent children |
32,800 @ 20%
Balance @ 41% |
36,400 @ 20%
Balance @ 41% |
Single / Widowed qualifying
for one parent family tax credit |
36,800 @ 20%
Balance @ 41% |
40,400 @ 20%
Balance @ 41% |
Married couple, one spouse
with income |
41,800 @ 20%
Balance @ 41% |
45,400 @ 20%
Balance @ 41% |
Married couple, both spouses
with income |
41,800 @ 20% with
increase of 23,800 max
Balance @ 41% |
45,400 @ 20% with
increase of 27,400 max
Balance @ 41% |
- Relief for trade union subscriptions paid is being abolished for 2011 and subsequent years.
- Relief on service charges remains unchanged @ 20% of amount paid (up to €400) for 2011. This is being abolished in 2012.
- Rent tax relief is being withdrawn on a phased basis and will be abolished in 2018.
- The income exemption limits for persons aged 65 and over have being reduced from €20k to €18k for single / widowed persons and from €40k to €36k for a married couple over 65.
- Patent Royalty income exemption has been abolished from 24 November 2010.
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