Budget 2024: Payroll Summary

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Tax rates	2023	2024
Standard tax rate	20%	20%
Higher tax rate	40%	40%

Standard rate band	2023	2024
Single/widowed	€40,000	€42,000
Married couple one income	€49,000	€51,000
Married couple two incomes	€80,000	€84,000

Tax credits	2023	2024
Personal tax credit	€1,775	€1,875
Employee tax credit	€1,775	€1,875
Earned income credit	€1,775	€1,875

Single €36,000

	2023 Pre-Budget	2024 Post-Budget	Difference
PAYE	€3,650	€3,450	(€200)
USC	€867	€745	(€122)
PRSI	€1,440	€1,440	-
Total taxes	€5,957	€5,635	(€322)
Take home pay	€30,043	€30,365	€322

Single €100,000

	2023 Pre-Budget	2024 Post-Budget	Difference
PAYE	€28,450	€27,850	(€600)
USC	€4,795	€4,503	(€292)
PRSI	€4,000	€4,000	-
Total taxes	€37,245	€36,353	(€892)
Take home pay	€62,755	€63,647	€892

Family €90,000 - dual income

	2023 Pre-Budget	2024 Post-Budget	Difference
PAYE	€12,900	€11,700	(€1,200)
USC	€2,544	€2,209	(€334)
PRSI	€3,600	€3,600	-
Total taxes	€19,044	€17,509	(€1,534)
Take home pay	€70,956	€72,491	€1,534

Family €62,000 - dual income and dependent relative

	2023 Pre-Budget	2024 Post-Budget	Difference
PAYE	€5,055	€4,655	(€400)
USC	€1,284	€1,089	(€194)
PRSI	€2,480	€2,480	-
Total taxes	€8,819	€8,224	(€594)
Take home pay	€53,181	€53,776	€594

*All the above figures are rounded to the nearest euro and do not include PRSI increase of 0.1%.

Budget 2024: Payroll Summary

Single €36,000

Single €100,000

Family €90,000 - dual income

Family €62,000 - dual income and dependent relative

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