Dáil Éireann Debate, Tuesday - 14 May 2019
121. Deputy Catherine Connolly asked the Minister for Finance the estimated cost in a full year if the earned income credit increased from €1,350 to €1,500 for those in receipt of a gross income up to €60,000; and if he will make a statement on the matter. [20809/19]
View answerI am advised by Revenue that the full year cost of increasing the Earned Income Credit from €1,350 to €1,500, for taxpayer units in receipt of gross income of up to €60,000, is estimated at €19 million in a full year.
This estimate assumes that all affected taxpayers have the capacity to fully benefit from the increase in the credit. Therefore, €19 million is the maximum cost of this change.
