What is the marginal rate of tax in ireland?
A person aged 65 or over during the tax year is exempt from income tax if his or her income is under €18,000 per year. A married couple with income under €36,000 per year is also exempt if either spouse is aged 65 or over or reaches 65 during the year; the exemption amount is increased by €575 for each of the couple's first two dependent children and by €830 for each subsequent child.
What is the marginal rate of tax in ireland for a person age 65+ earning under €18,000 per year?
exempt from income tax
Taxation in the Republic of Ireland
A person aged 65 or over during the tax year is exempt from income tax if his or her income is under €18,000 per year. A married couple with income under €36,000 per year is also exempt if either spouse is aged 65 or over or reaches 65 during the year; the exemption amount is increased by €575 for each of the couple's first two dependent children and by €830 for each subsequent child.
What is the marginal rate of tax in ireland for a married couple with income under €36,000 per year?
exempt if either spouse is aged 65 or over or reaches 65 during the year; the exemption amount is increased by €575 for each of the couple's first two dependent children and by €830 for each subsequent child
Taxation in the Republic of Ireland
A person or couple earning slightly over the limit may claim what is known as marginal relief. In this case, income over the exemption limit is charged to tax at a flat rate of 40%. A person or couple may choose to be taxed under marginal relief or the regular tax system, and will be granted whichever system is more beneficial, including retroactively.
What is the marginal rate of tax in ireland for earning slightly over the limit?
flat rate of 40% 40%
Taxation in the Republic of Ireland
Taxation in the Republic of Ireland
https://en.wikipedia.org/wiki/Taxation%20in%20the%20Republic%20of%20Ireland
Tax rate
https://en.wikipedia.org/wiki/Tax%20rate
A person or couple earning slightly over the limit may claim what is known as marginal relief. In this case, income over the exemption limit is charged to tax at a flat rate of 40%. A person aged 65 or over during the tax year is exempt from income tax if his or her income is under €18,000 per year. A married couple with income under €36,000 per year is also exempt if either spouse is aged 65 or over or reaches 65 during the year; the exemption amount is increased by €575 for each of the couple's first two dependent children and by €830 for each subsequent child.