Key Post Tax and PRSI Summary for 2009

[Brendan Burgess]

Tax Credits - same as 2008

Employee Tax Credit €1,830

Personal Credits
Single person: €1,830
Married person: €3,660
Additional one-parent family credit: € 1,830



New Standard Rate Bands (2008 figures in brackets)

Single € 36,400 (€35,400)

Married One Income €45,400 (€44,400)

Married Two Incomes €72,800 (€70,800)

Lone Parent/Widowed Parent € 40,400 (39,400) - must have dependent children

Income above this level is taxed at 41%

[broken link removed]

PRSI tresholds -
(See this thread for a full explanation of how PRSI works)

Health Levy threshold: €500 per week
or €26,000 per year

PRSI ceiling €52,000 - Health Levy only after this.


Income Levy - to be updated for April Budget

1% on first €100,100
2% on next €150,020
3% on balance

Exempt if income is under €18,304

See Towger's Income Levy FAQ

 

[Davinci]

Hi if I leave my employment before the end of this year wold I be eligible to claim tax back? I am a PAYE employee. If I am eligible how would I go about this? Thanks

D

 

[Bonzo]

If you have paid tax you may be entitled to claim. Take a look at a P50 on the revenue site.