Wednesday, January 26, 2022

Update 26th January

 

Know Your Rights: January 2022

PAYE taxes

Question

I’m a PAYE worker. What income tax will I pay in 2022?

Answer

Your income is taxed at 20% up to a certain amount. This is known as the standard rate of tax and the amount of income that it applies to is the standard rate tax band.

If you have income above the standard rate tax band, it is taxed at the higher rate of tax, which is 40%.

There were no changes to tax rates in 2022, but the standard rate tax bands were raised by €1,500.

Personal circumstances

Tax rates and bands in 2022, €

Single person

36,800 @ 20%

Balance @40%

Married couple/civil partners, one income

45,800@ 20%

Balance @ 40%

Married couple/civil partners, two incomes

Up to 73,600@ 20%

Balance @ 40%

One-parent family

40,800 @ 20%

Balance @ 40%

 

You may be able to get other income tax reliefs, tax credits or exemptions depending on your personal circumstances. These can reduce the amount of tax that you have to pay.

Read more about calculating your tax on citizensinformation.ie 👉 https://bit.ly/3JNlkE7, or call us on 0818 07 4000 (Monday to Friday, 9am to 8pm).

 

Know Your Rights has been compiled by South Connacht Citizens Information Service CLG, which provides a free and confidential service to the public.

Tel: 0818 07 6330 Address: Boyle CIC, Elphin Street, Boyle, Co. Roscommon

Information is also available online at citizensinformation.ie and from the Citizens Information Phone Service, 0818 07 4000.

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