The Government has announced Budget 2024, with a number of changes under the taxation heading
The Universal Social Charge has been cut from 4.5% to 4%, the first reduction in USC rates in five years.
The point at which workers pay the top rate of tax will rise to €42,000.
The entry threshold to the 4% rate of USC will be raised to €25,760.
The national minimum wage has been increased by €1.40 an hour to €12.70 an hour.
Personal, Employee PAYE and earned income tax credits are being increased by €100 each.
Pay Related Social Insurance (PRSI) contribution rates will increase 0.1% from 1 October next year.