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Irish Mirror
Irish Mirror
National
Michelle Cullen

Hundreds of thousands could be about to get €500 boost to pay packet in Budget 2023

Paschal Donohoe Income Tax Met Eireann

With the announcement of Budget 2023 just around the corner, Government officials have hinted that income bands for the higher rate of tax will be expanded.

The move could see workers earning an annual salary of €50,000, taking home at least €500 extra.

Finance Minister Paschal Donohue is expected to increase the 40 per cent income tax band by €2,500, meaning workers won't have to pay the higher tax rate on any earnings below €39,500.

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