Budget 2026: No Income Tax Changes, €1.5B Package for Households
The Minister for Finance, Paschal Donohoe, has announced that Budget 2026 will prioritise 'targeted measures' to assist households coping with rising living costs. The focus will be on jobs and investment, with no changes planned for personal income tax.
The overall tax package for Budget 2026 is expected to be around €1.5 billion. The Minister warned that increasing this amount could risk narrowing the tax base and potentially harm public finances.
Donohoe confirmed that there will be no alterations to personal income tax bands or credits in the upcoming budget. This means households can expect no changes to their tax burden or benefits from income tax adjustments. However, it is important to note that recent budgets have seen effective reductions in income tax worth over €1,000.
Budget 2026 aims to support households through targeted measures focused on jobs and investment. Despite no changes to personal income tax, recent reductions have provided significant relief. The overall tax package remains at €1.5 billion to avoid risks to the tax base and public finances.
Read also:
- Eric Dane Diagnosed with ALS, Advocates for ACT for ALS
- Deepwater Horizon Oil Spill: BP Faces Record-Breaking Settlement - Dubbed 'Largest Environmental Fine Ever Imposed'
- Meta Unveils Ray-Ban AR Display Sunglasses; TikTok Agrees to $200 Million Deal
- Historic downtown temples to receive restoration funds totaling over 25 million pesos
