Earned Income tax credit

PAYE workers get a PAYE tax credit, what do self-employed get ?

The answer from 1st January 2016 is an earned income tax credit.

The maximum relief for 2016 is €550. This is calculated as follows – €2,750 @ 20% = €550. Where an individual’s earned income is below €2,750, the tax credit is restricted to 20% of the income. For example, total earned income €2,000 @ 20% = €400 (max.).

Can’t get both the PAYE tax credit and earned tax credit in a year

Any queries on same give me a call on 091 763817 or email me at oliver@taxreturnhelp.ie