Budget 2022

Income Tax, Rate Bands, PRSI & USC

• Tax credits indexed and bands will offset impact of inflation on people’s takehome pay.
• Income tax deduction 30% of the cost of vouched expenses for heat, electricity and broadband incurred while working from home.
• The minimum wage will increase by 30 cent to €10.50 an hour.
• Exemption from top rate of USC for all medical holders and those over the age of 70, earning < €60,000 to be retained.
• Income tax bands to increase by €1,500.
• Personal, Employee and Earned Income Credit to increase by €50.

Click here to download OSK Budget 2022 PDF

Contact OSK Tax Advisers for further details of Budget 2022 or our tax services.