Pearse Doherty
Question:272. Deputy Pearse Doherty asked the Tánaiste and Minister for Finance the estimated cost of providing a €100 increase in the employee tax credit in 2026 on a first and full-year basis. [13966/26]
View answerDáil Éireann Debate, Thursday - 19 February 2026
272. Deputy Pearse Doherty asked the Tánaiste and Minister for Finance the estimated cost of providing a €100 increase in the employee tax credit in 2026 on a first and full-year basis. [13966/26]
View answer273. Deputy Pearse Doherty asked the Tánaiste and Minister for Finance the estimated cost of providing a €100 increase in the earned income credit in 2026 on a first and full-year basis. [13967/26]
View answerI propose to take Questions Nos. 272 and 273 together.
The estimated cost of increasing the main tax credits can be found in the Revenue Ready Reckoner (Post Budget 2026 – page 5), available on the Revenue website at:
www.revenue.ie/en/corporate/documents/statistics/ready-reckoner.pdf.
The Ready Reckoner shows a wide range of detailed information, including the estimated cost to the Exchequer of increasing tax credits. For convenience the table below sets out the first year and full year cost for the proposals requested by the Deputy.
|
Measure |
First Year (€m) |
Full Year (€m) |
|
€100 Increase in Employee Tax Credit |
€220 |
€250 |
|
€100 Increase in Earned Income Tax Credit |
€16 |
€24 |
It should be noted that these figures are based on 2026 estimates from the Revenue tax forecasting model using latest actual data for the year 2023, adjusted as necessary for income, self-employment, and employment trends in the interim.