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Tax free cut off?

  • 11-02-2014 9:34pm
    #1
    neutralvu
    Registered Users, Registered Users 2 Posts: 85 ✭✭


    Whats the amount of money one can earn before paying any tax? im single and living at home and im in my twentys.


Comments

  • #2
    Alan Shore
    Registered Users, Registered Users 2 Posts: 735 ✭✭✭Alan Shore


    We have a system of tax Credits for Income tax so if you have a PAYE job then you can earn €16,500 before you pay income tax assuming you get your credits allocate to your job. PRSI kicks in at €18,304 and no USC on less than €10,036.


  • #3
    neutralvu
    Registered Users, Registered Users 2 Posts: 85 ✭✭neutralvu


    and if ur not in a PAYE job? like u have to do your own taxs and the employer doesnt do taxs for u


  • #4
    Alan Shore
    Registered Users, Registered Users 2 Posts: 735 ✭✭✭Alan Shore


    Income tax @ 20% after €8,250, PRSI @ 3% if you earn over 5,200 in a year, USC is the same.


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