The upcoming €2bn cost of living package, announced with the Budget, includes double payments of social welfare, income tax cuts, and €50 increases in tax credits.
Increases to tax credits are expected to be less than last year, yet they remain necessary to keep pace with inflation amid significant reductions in personal taxation.
The employee Tax Credit and the Earned Income tax credit will increase to €1,925, with similar adjustments for various tax credits supporting different family and income situations.
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