Written answers
Tuesday, 28 July 2020
Department of Finance
Tax Credits
Pearse Doherty (Donegal, Sinn Fein)
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256. To ask the Minister for Finance the estimated full-year cost in 2021 of increasing the earned income credit to the same level as the PAYE credit; and if he will make a statement on the matter. [18766/20]
Paschal Donohoe (Dublin Central, Fine Gael)
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The estimated cost of increasing the Earned Income Credit from its current value of €1,500 to €1,650 so that it is equal to the PAYE credit can be found on page 6 of the Revenue Ready Reckoner, published at the link: .
The cost is estimated at €13 million and €23 million on a first and full year basis, respectively.
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