Written answers

Tuesday, 20 February 2024

Photo of Catherine MurphyCatherine Murphy (Kildare North, Social Democrats)
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221. To ask the Minister for Finance the estimated full year cost if the blind person tax credit increased to €1,950 for a single person and €3,900 for married couples or civil partners. [7835/24]

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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Based on Revenue’s latest Ready Reckoner (post-Budget 2024), the estimated cost to the Exchequer of increasing the blind person’s tax credit from €1,650 to €1,950 per annum for a single person and from €3,300 to €3,900 per annum for married couples or civil partners, is approximately €0.3 million on a first year basis and €0.4 million on a full year basis.

I would draw the Deputy's attention to the fact that the post-Budget 2024 Ready Reckoner is available on the Revenue Statistics webpage at:

www.revenue.ie/en/corporate/information-about-revenue/statistics/ready-reckoner/index.aspx

The Ready Reckoner provides estimated costs and yields arising from changes to a wide range of taxes and duties, Amounts other than those shown in the Ready Reckoner can be extrapolated using a straight line or pro-rata calculation.

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