Louise O'Reilly (Dublin Fingal West, Sinn Fein)
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346. To ask the Minister for Finance the estimated first year and full year cost of increasing the home carer tax credit to €2,000. [25922/25]

Paschal Donohoe (Dublin Central, Fine Gael)
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Based on Revenue’s latest Ready Reckoner (post-Budget 2025), the estimated cost to the Exchequer of increasing the Home Carer Tax Credit to €2,000 per annum is approximately €3 million on a first year basis and €4 million on a full year basis. It should be noted that the costs are based on 2025 estimates from the Revenue tax forecasting model using latest actual data for the year 2022, adjusted as necessary for income, self-employment, and employment trends in the interim.

The Ready Reckoner provides estimated costs and yields arising from changes to a wide range of taxes and duties. I would draw the Deputy's attention to the fact that the post-Budget 2025 Ready Reckoner is available on the Revenue Statistics webpage at: www.revenue.ie/en/corporate/documents/statistics/ready-reckoner.pdf