Dáil Éireann Debate, Tuesday - 26 January 2016
146. Deputy Patrick O'Donovan asked the Minister for Finance the cost of increasing the Home Carer's Tax Credit from €1,000 to €1,650 per year, and of increasing the Home Carer's income threshold to €10,500 per year; and if he will make a statement on the matter. [3185/16]
View answerI am informed by the Revenue Commissioners that the estimated first and full year cost to the Exchequer of increasing the Home Carers credit to €1,650 and at the same time increasing the Home Carer's income threshold to €10,500 is in the region of €33 million and €46 million respectively.
These figures are estimates from the Revenue tax forecasting model using latest actual data for the year 2013, adjusted as necessary for income, self-employment and employment trends in the interim. They are estimated by reference to 2016 incomes and are provisional and may be revised.
