How much can a 65 year old earn before paying tax?

[Brendan Burgess]

Is the following correct, if they have a pension from earned income?

Single person credit: 1,775
Employee credit: €1,775
Age: €245
Total: €3,795

/20% = €18,975

So the €18,000 Exemption Limit is irrelevant to an employee?

 

[bstop]

€18,000 income tax exemption for over 65s

This 18000 euro tax exemption for people over age 65 has not been increased for a very long time. The 2023 personal tax credit is 1775 euro and the employment credit is 1775 euro. This means that a worker of any age with total tax credits of 3550 euro does not become liable to income tax up to...

www.askaboutmoney.com

 

[Brendan Burgess]

Thanks bstop.

Brendan