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By chance, could you be entitled to the lower rate of USC as per the attached page: https://www.revenue.ie/en/jobs-and-pensions/usc/reduced-rates.aspx

There are a lot of online calculators available: Deloitte: https://services.deloitte.ie/ PWC: https://download.pwc.com/ie/budget-2024/income-tax-calculator.html My Excel spreadsheet (Widows desktop only, not for mobile or Apple, macros used): Spreadsheet

I've one for employees - https://www.taxcalc.eu/monthlyss/

My one (Excel for Windows desktop only; uses macros so won't work on Mac, mobile or Excel online) caters for both private and public sector staff: https://taxcalc.eu/monthlyss/Employee+PAYE+calculator.xlsm

I'd split the standard rate band €47500 and €33000. Tax credits could be split equally as both incomes would fully use their share, but a ratio of roughly 60:40 to the higher earner would seem fair too. My spreadsheet (Excel, for Windows desktop only, uses macros) is available free at...

Has anyone a link showing new thresholds for the various PRSI classes? Might be a bit early but I can't find anything on www.welfare.ie

As per Ciru75, USC calculations are incorrect as each person has their own calculations and bands. You can use my USC spreadsheet to check: http://taxcalc.eu/monthlyss/dlf/USC%20calculator.xlsx

Thanks for the quick response. I am wondering about the following point regarding the following definition of a 'qualifying residence' per the above PDF: The room or rooms must be in a residential premises situated in the State that is occupied by an individual as his or her sole or main...

I'm seeking any opinions on whether 'rent-a-room' relief applies in the following scenario. I believe it does but could be missing out on something. I'm also unsure whether 'joint assessment' or 'separate assessment' is an issue. A married couple, presently jointly assessed, are faced with one...

My USC calculator (Excel spreadsheet) might also assist although it doesn't show actual workings- just amount per week/month etc. Download it here: http://taxcalc.eu/monthlyss/dlf/USC%20calculator.xlsx

Taken from paragraph 1.2 of the Revenue Commissioner's CAT guide: Where, at the date of the gift or inheritance, either the disponer or the beneficiary is resident or ordinarily resident in Ireland, worldwide assets comprised in a gift or inheritance are liable to Irish CAT. If neither the...

You're correct that if each earner is above the standard rate band then no particular benefit applies to joint assessment. Where it can make a difference is if one earner's income drops below the band (e.g. maternity leave or redundancy/being unemployed for a period). Joint assessment allows for...

OK, my apologies. I over-focused on the 'student' in the title.

There is a 20% tax credit available for tuition fees paid for third level education but my understanding is that this doesn't include accommodation costs. It's for things like the student contribution and tuition fees (if any are paid). There are specific exclusions as to what qualifies (e.g...

As above, tax credits can be shared evenly and for 2022 standard rate bands also. For 2023, if the incomes remain the same, you can take the €1000 of your spouse's SRCOP which s/he won't be using. See my 'Allocate standard rate band' spreadhseet at https://taxcalc.eu/monthlyss/ for more

One other point worth clarifying- the OP states that he's maxing out AVCs, which I take to mean that based on age, he's paying the maximum permissible amount of AVCs. If the full bonus is now being paid in as an AVC (rather than say 30% of it or whatever), wouldn't that potentially mean that...

Agree that it sounds like it's to do with the value of the bonus but it would need to be astronomical for additional PRSI [4%] and USC [max of 8%] to impact on regular net pay to the extent outlined by the OP!

The following page outlines the concessionary COVID treatment for 2022: https://www.revenue.ie/en/covid-19-information/employer-reporting-filing-obligations/benefit-in-kind-changes-during-covid-19/small-benefit-exemption.aspx It has nothing about 2023, however.

My spreadsheet at http://taxcalc.eu/monthlyss can do that- if you PM me I'll supply a free code to activate (normally it's charged €2.50 but as the Budget is soon to be released (when I hope to issue a new vesion) I'm good to waive it for the current 2022 release).

It might be worth checking if 'retirement relief' could be availed of on the disposals to the children.