Following the Cabinet reshuffle earlier this year, Tuesday’s budget marks the first for Fianna Fáil’s Michael McGrath as Minister for Finance. However, if you earn less than €13,000 annually, you do not pay USC. One of the major points of Budget 2024 is expected to be changes to the USC. In short, the more income you can earn on which you pay the lower rate of tax, the less tax you have to pay. WelfareSocial welfare rates were increased across the board last year due to the rising cost of living, and it’s believed a similar rise is on the way in Budget 2024.

Source: The Herald October 08, 2023 08:06 UTC