Dáil Éireann Debate, Tuesday - 6 November 2018
174. Deputy Robert Troy asked the Minister for Finance if there were changes made to the tax system in budget 2019 that would provide additional tax credits for stay-at-home parents; and if he will make a statement on the matter. [44748/18]
View answerAs I announced in my Budget speech, the value of the Home Carer Tax Credit will be increased from its current level of €1,200 to €1,500 at an estimated full year cost of €24 million. This is the fourth Budget in a row that the Home Carer Tax credit has been increased and it has been increased by a total of €690.
This increase will be of benefit to stay-at-home parents if they are jointly assessed for tax and if one spouse or partner works primarily in the home to care for children. It will also be of benefit to those who care for an elderly or incapacitated relative. In 2016, the Home Carer Tax Credit was of benefit to almost 86,000 families.
