Tax Toolkit / Income Tax

Welcome to the Taxes & Duties section. This section will help you to look for information on a specific tax or duty (listed alphabetically) and provides relevant leaflets, guides and forms within each tax or duty type. Some of this and additional material are also available in the Personal Tax and Business & Self Assessment sections.

Fisher Tax Credit

A new Fisher tax credit was introduced for the years 2017 to 2021 inclusive. The tax credit is calculated at 20% of an individual's fishing income, subject to a maximum tax credit of €1,270.

To qualify for the tax credit, the individual must spend a cumulative total of 8 hours per day for at least 80 days a year fishing at sea on a registered fishing vessel.

The tax credit is not available to fish farmers. Also, if a fisher claims this credit, then they cannot also avail of the Seafarer allowance in the same tax year

Tax Rates and Tax Bands

Personal Circumstances 2020 € 2021 €
Single or Widowed or Surviving Civil Partner, without qualifying child €35,300 @ 20% Balance @ 40% €35,300 @ 20% Balance @ 40%
Single or Widowed or Surviving Civil Partner, qualifying for Single Person Child Carer Credit €39,300 @ 20% Balance @ 40% €39,300 @ 20% Balance @ 40%
Married or in a Civil Partnership, one Spouse or Civil Partner with Income €44,300 @ 20% Balance @ 40% €44,300 @ 20% Balance @ 40%
Married or in a Civil Partnership, both Spouses or Civil Partners with Income €44,300 @ 20% with increase of €26,300 max. Balance @ 40% €44,300 @ 20% with increase of €26,300 max. Balance @ 40%
Note: The increase in the rate band is capped at €26,300 or the amount of the income of the lower earner. this increase cannot be transferred between spouses or civil partners

MAIN PERSONAL TAX CREDITS

Personal Tax Credit Test 2020 € 2021 €
Single Person €1,650 €1,650
Married or in a Civil Partnership €3,300 €3,300
Earned Income Tax Credit Max 1,650 (increased from 1,500) €1,650
Widowed Person or Surviving Civil Partner (without qualifying child) €2,190 €2,190
Single Person Child Carer Tax Credit €1,650 €1,650
Incapacitated Child Credit Max €3,300 €3,300
Blind Tax Credit
Single Person €1,650 €1,650
Married or in a Civil Partnership - One Spouse or Civil Partner Blind €1,650 €1,650
Married or in a Civil Partnership - Both Spouses or Civil Partners Blind €3,300 €3,300
Widowed Parent Bereaved in 2020 - €3,300
Widowed Parent Bereaved in 2019 €3,600 €3,150
Widowed Parent Bereaved in 2018 €3,150 €2,700
Widowed Parent Bereaved in 2017 €2,700 €2,250
Widowed Parent Bereaved in 2016 €2,250 €1,800
Widowed Parent Bereaved in 2015 €1,800 -
Age Tax Credit
Single or Widowed or Surviving Civil Partner €245 €245
Married or in a Civil Partnership €490 €490
Dependent Relative €70 €241
Home Carer Tax Credit €1,600 €1,600
Sea-going Naval Personnel Tax Credit €1,270 €1,500

EXEMPTION LIMITS

The exemption limits for persons aged 65 years and over remain unchanged.: Personal Circumstances 2021 € 2021 €
Single or Widowed or a Surviving Civil Partner, 65 years of age & over 18,000 18,000
Married or in a Civil Partnership, 65 years of age & over 36,000 36,000
  • * The above exemption limits are increased by €575 for each of the first two dependent children and by €830 for the third and subsequent children.
  • * Marginal Relief may apply, subject to an income limit of twice the relevant exemption limit.

REMOTE WORKING (eWorking)

The existing eWorking provisions provide a tax deduction for eWorkers for vouched expenditure incurred by those who work at home. In cases where the employer does not make payment towards the related expenses, these can now include broadband costs. This is effective from 2020. Further information available on www.revenue.ie