Chart of Personal Tax Credits, Allowances and Reliefs

March 24, 2020
Expert Tax Library, Tax Credits & ReliefsComments Off on Chart of Personal Tax Credits, Allowances and Reliefs

In addition to your personal tax credits there are various tax credits, allowances and reliefs available to be claimed and we list each of these below:

Tax Year

2020

2021

Single Person

1,650

1,650

Married Person

3,330

3,300

Widowed / surviving civil partner with no dependant child

 2,190 2,190

Widowed / surviving civil partner bereaved in the year

3,300

3,300

Widowed / surviving civil partner with dependant child – first year after bereavement (a reducing credit is available in following years)

5,250

5,250

Single parent with dependent child

 3,300 3,300
 Home Carer’s Tax Credit (max) 1,600 1,600

Earned Income Credit

1,650

1,650

PAYE Tax Credit

1,650

1,650

Additional Tax Credit for Age 65 Plus

  Single/Widowed

245

245

  Married

490

490

Blind Person’s Tax Credit

  One spouse blind

1,650

1,650

  Both spouses blind

3,330

3,300

Additional Allowance for Guide Dog

825

825*

Incapacitated child credit

  3,300 3,300

Allowance for Employing a Carer

75,000

75,000

The tax rate on your income starts at 20% and then increases to 40% when your income exceeds a certain level ( tax rate band) as listed in the table below.

Tax Year

2020

2021

Up to Threshold Amount

Standard Rate

20%

20%

Income Over Threshold

Upper Rate

40%

40%

Single/Widowed Persons

Threshold

35,300

35,300

Single Parents Single/Widowed with Dependent Children

Threshold

39,300

39,300

Married Couple with One Income

Threshold

44,300

 44,300

Married Couple with Two Incomes

Threshold

*70,600

*70,600

*Note: The extra amount taxable at the 20% applies provided each spouse has taxable income of at least  €35,300.

 

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