Willie Penrose (Longford-Westmeath, Labour)
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187. To ask the Minister for Finance if he will outline in respect of the earned income tax credit which has been increased to €950 in the budget; where a person also qualifies for the PAYE tax credit, the maximum combined value of both tax credits that will be allowed to a taxpayer; and if he will make a statement on the matter. [30592/16]

Michael Noonan (Limerick City, Fine Gael)
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As the Deputy is aware, I announced in my Budget speech that the Earned Income Tax Credit is being increased by €400, bringing it to €950.

The tax credit is available in respect of an individual's earned income other than earned income that already qualifies for the Employee (PAYE) Tax Credit.

Where an individual has income that qualifies for the Earned Income Tax Credit and also income that qualifies for the Employee (PAYE) Tax Credit, he or she may claim both credits but the aggregate of the tax credits is limited to €1,650 which is the maximum amount available for the Employee (PAYE) Tax Credit.

This is similar to the position which applies where an individual has two separate employments, and is limited to a maximum Employee (PAYE) Tax Credit of €1,650.