Everything workers got in Budget 2024- tax cut, €450 energy credit and childcare

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Months of speculation have come to an end after Minister for Finance Michael McGrath and Minister for Public Expenditure Paschal Donohoe confirmed measures in Budget 2024

Minister for Finance Michael McGrath and Minister for Public Expenditure Paschal Donohoe announced what cost of living measures people should be expecting. Read more: Cost of living Ireland: Who will qualify for the double payment before Christmas in Budget 2024

People will be given three separate instalments worth €150 each to help with the cost of their electricity and gas bills.Minimum wage and tax cuts Personal, Employee PAYE and earned income tax credits are being increased by €100 each. The Home Carer Tax Credit and the Single Person Child Carer Credit will be increased by €100 and the Incapacitated Child Tax Credit is being increased by €200.Childcare costs When it comes to childcare, a further 25% cut in childcare fees in publicly funded facilities has been confirmed.

 

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