Earned Income Tax Credit

A. The Earned Income Tax Credit was introduced from 01 January 2016 and can be claimed by any person who has income from self-employment.

The tax credit is worth €550 for the 2016 tax year and €950 for 2017.

You should note, however, that if you are also entitled to claim the Employee (PAYE) Tax Credit for 2016 then the maximum tax relief that you can claim between the two credits is €1,650.

This credit cannot be transferred to your spouse or civil partner

Date published 14 Sep 2017

This article is intended to inform rather than advise and is based on legislation and practice at the time. Taxpayer’s circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this article, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.