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The Income Tax Rates for 2019
- Single/Widowed – €35,000 at 20%, Balance at 40%
- Single Parent/Widowed Parent – €39,300 at 20%, Balance at 40%
- Married Couple/Civil Partners (one income) – €44,300 at 20%, Balanace at 40%
- Married Couple/Civil Partners (two incomes) – €69,100 at 20%, Balanace at 40%
Earned Income Credit
The Earned Income Credit of €1,350 is available to individuals earning self-employed, trading or professional income. For company directors, the credit will apply to proprietary directors as their earnings are not taken into account for the purposes of the Employee (PAYE) Tax credit. Where an individual has earned income which qualifies for Employee (PAYE) Tax Credit and Earned Income Tax Credit, the combined value of both tax credits cannot exceed €1,650.