Inside Budget 2024 as tax cuts, welfare hikes and electricity credits in the mix

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Coalition parties remain divided on the finer points of the tax spending package which will be set out by Finance Minister Michael McGrath on October 10.

Cuts to income tax and USC as well as an increase of up to €12 a week in welfare payments are among the proposals on the table for Budget 2024.

READ MORE: Ireland storm tracker as Met Eireann issues multiple warnings for disruptive weather event He pointed out that Revenue’s recognition that 1,077,500 taxpayers would pay the 40% rate in 2024 suggested over half the country’s 2.08 million full-time workers are in the top bracket for PAYE.

 

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