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Tuesday, October 1, 2024

Every worker in Ireland set for NEW €125 cash boost as Budget 2025 promises major tax credits change

EVERY worker in the country is set to pocket €125 as part of a major expansion of the personal tax credits in Budget 2025.

Finance Minister Jack Chambers has promised that he will “give workers a break” with his first budget.

Every worker in Ireland set for NEW €125 cash boost as Budget 2025 promises major tax credits change

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Minister for Finance Jack Chambers will present the budget todayCredit: � 2024 PA Media, All Rights Reserved

The Fianna Fail Minister is due to present Budget 2025 to the Dail today at 1pm following months of negotiations among the coalition.

The Irish Sun previously revealed how the hated USC will be cut from four per cent down to three per cent for workers earning under €75,000.

The band at which people start paying the higher rate of tax will also be lifted from €42,000 up to €44,000.

And now we can reveal that Budget 2025 will also include a €125 personal tax credit for all workers.

A series of other tax credits will also be increased as part of a major expansion of personal tax credits.

This includes €150 for the home carer tax credit, €150 for a single person child carer tax credit, €300 incapacitated child tax credit and €300 blind person tax credit.

Finance Minister Jack Chambers is set to give his first Dail budget speech at 1pm today.

Minister for Public Expenditure Paschal Donohoe will also address the Chamber at around 1.45pm.

Opposition party TDs will then be offered the chance to voice their opinions and views on what was just announced in the Dail.

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