Legislation
Irish budget for 2023: USC
Date
Budget announced 27 September
Summary
- An increase of €1625 to the 2% rate band ceiling from €21,295 to €22,920.
| Tax Credit | 2022 | 2023 |
|---|---|---|
| Rate 1 - 0.5% | 0 – €12,012 | €0 – €12,012 |
| Rate 2 - 2% | €12,013 – €21,295 | €12,013 – €22,920 |
| Rate 3 - 4.5% | €21,296 – €70,044 | €22,920.01 – €70,044 |
| Rate 4 - 8% | €70,045 + | €70,045 + |
The current reduced rate of USC for eligible medical card holders will be extended by a further year and will continue to apply for 2023 for:
- Individuals aged 70 years or over whose aggregate income for the year is €60,000 or less.
- Individuals aged under 70 who hold a full medical card and whose aggregate income for the year is €60,000 or less.
