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Budget 2024: Here are the main points you need to know

The Government has confirmed a range of measures.

BUDGET 2024, WITH measures totalling around €6.5 billion, has been announced in the Dáil. 

Minister for Finance Michael McGrath and Minister for Public Expenditure Paschal Donohoe have finished their speeches, with reaction to the newly announced measures beginning to roll in. 

You can find everything you need to know about Budget 2024 below:

  • Income Tax Package: The standard rate band will increase by €2,000 to €42,000 
  • The 4.5% rate of USC will be reduced to 4%
  • The entry threshold to the USC rate will increase from €22,920 to €25,760. A single person earning €46,000 in 2024 will see an increase of €2,000 in their net income as a result of cumulative income tax changes and USC changes since 2021, Minister McGrath said
  • A tax credit of €750 for tenants who are paying rent in respect of their principal private residence. Parents who pay for their student children to have tenancies in “rent a room” accommodation will also be able to claim the Rent Tax Credit.
  • Personal Tax Credit, Employee Credit and Earned Income Credit will increase by €100 each
  • The Home Carer Credit and the Single Person Child Carer Credit will increase by €100 each
  • An increase of €12 to those in receipt of weekly Social Protection payments
  • A once-off double Child Benefit payment to be paid before Christmas, while Child Benefit will be extended to 18-year-olds in full-time education
  • The National Minimum Wage will increase by €1.40 per hour to €12.70 per hour from 1 January 2024
  • Three domestic universal €150 energy credits totalling €450 between the end of this year and April 2024
  • Excise on a pack of 20 cigarettes will increase by 75 cent from midnight, with a pro rata increase on other tobacco products
  • A tax on vaping products will be introduced next year in Budget 2025
  • A one-year Mortgage Interest Tax relief, capped at €1,250 per property, will be introduced for homeowners with an outstanding mortgage balance on their primary dwelling of between €80,000 and €500,000 as of 31 December 2022
  • A temporary tax relief for landlords will be introduced 
  • An extension of the 9% VAT rate on the supply of gas and electricity for a further 12 months
  • The registration threshold for businesses paying VAT will increase from €37,500 for services and €75,000 for goods to €40,000 for services and €80,000 for goods, respectively
  • A €300 lump sum payment for Fuel Allowance recipients to be paid before Christmas
  • An additional €200 for Living Alone Allowance recipients to be paid this year
  • A once-off double Foster Care allowance to be paid this year
  • The Qualified Child Increase will increase by €4 to €46 per week for under 12-year-olds, and to €54 per week for over 12-year-olds
  • The Hot School Meals Programme will be extended to an additional 900 primary schools in April 2024
  • The Free School Books Scheme will be extended to all junior cycle pupils in post-primary schools within the Free Education Scheme from September 2024
  • The fee reduction on school transport services was extended for a further year
  • The fee waiver for students sitting state exams was extended for a further year
  • Increases in excise to petrol and diesel are to be postponed until next year
  • The Parent’s Benefit will be extended to nine weeks from August 2024
  • The monthly Domiciliary Care Allowance will increase by €10 to €340 per month
  • A once-off double week Cost of Living Support payment will be paid to all qualifying Social Protection recipients in January
  • A €400 Working Family Payment will be paid later this year
  • A once-off payment of €400 will be paid to those in receipt of the Carers Support Grant, Disability AllowanceBlind Pension, Invalidity Pension and the Domiciliary Care Allowance before Christmas
  • The Christmas Bonus for those in receipt of Social Welfare payments will be paid before Christmas
  • An average of 25% reduction in weekly childcare fees from September 2024 onwards
  • The Young Adult Leap Card will be extended to cover adults aged 19-25
  • A once-off reduction of the student contribution fee by €1,000 for free fees students will be introduced
  • A once-off reduction of 33% in the contribution fee for apprentices in higher education
  • A €1,000 increase to the Postgraduate Fee Contribution Grant from €4,000 to €5,000
  • Funding for recruitment of up to 1,000 Gardaí and up to 250 Garda civilian staff next year
  • Training allowance for Garda recruits will increase from €184 to €305
  • VRT relief for battery electric vehicles will be extended to the end of December 2025

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    Install the app to use these features.
    Mute Billy Nomates
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    Jul 28th 2013, 11:49 AM

    And then next week they reset all your settings with the release of a new feature

    247
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    Mute stayfrostynatty
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    Jul 28th 2013, 1:19 PM

    If you dont want to be seen,dont join facebook or any social sites simple as and the idea of social sites is to be seen so…

    160
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    Mute Fagan Fagan
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    Jul 28th 2013, 1:42 PM

    As the CIA has stated Facebook has made there work so much easer
    Makes you wonder who really crested it

    64
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    Mute Briain de Seadhach
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    Jul 28th 2013, 4:48 PM

    I believe it was one Mark Zuckerberg.

    41
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    Mute Fagan Fagan
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    Jul 28th 2013, 5:31 PM

    Yes the same mark zukerberg who has been quoted as saying that anyone who opens a Facebook page is an idiot

    28
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    Mute Louise Carroll
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    Jul 28th 2013, 12:25 PM

    Might be better for the people at journal to do a story on how to view the photos on their slide shows without a microscope.

    244
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    Mute Drunk Tweets
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    Jul 28th 2013, 1:25 PM

    Ctrl and scroll the mouse wheel forward.
    Or get a bigger screen.

    42
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    Mute Breadwinner
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    Jul 28th 2013, 3:24 PM

    I love how Drunk Tweets points out the most obvious common sense answer and gets thumbed down for it.
    And the amount of thumbs up Louise got for the silly question in the first place?? God help is all.

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    Mute Annette Temple
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    Jul 28th 2013, 4:51 PM

    Probably because a lot of people are accessing the journal on their crappy smartphone (e.g., me) and don’t have a mouse to scroll with!

    57
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    Mute Cuddle Flips
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    Jul 28th 2013, 8:10 PM

    It’s even easier and more intuitive to zoom with a smartphone.

    5
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    Mute ======
    Favourite ======
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    Jul 30th 2013, 10:23 PM

    I knew that!

    1
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    Mute COOM
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    Jul 28th 2013, 11:45 AM

    Facebook is so yesterday. privacy is so today.

    221
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    Mute Suzeit Paudel
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    Jul 28th 2013, 12:16 PM

    How to become invisible on facebook? Ummm Deactivate it.

    207
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    Mute itiswhatitisMF
    Favourite itiswhatitisMF
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    Jul 28th 2013, 11:52 AM

    Facecock is dying anyways

    144
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    Mute Ryan Murphy
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    Jul 28th 2013, 1:10 PM

    Here’s how to become invisible on FB. At least to me, because I hide and or delete anyone who persists in the following:

    - vague and passive aggressive attention seeking updates, “that bitch will get what’s coming to her”, “sum ppl need to get a life” etc.

    - constant likes and shares to win a box of matches, bottle of milk, mythical iPhone or smart TV.

    - reposting like whoring pics of special needs babies or dogs at gravesides.

    - attending a “nyt out” with any number of others and posting identical pictures or blow by blow accounts. All bloody night times however many are there.

    - #hashtags.

    I’ve removed immediate family members on foot of this and they still don’t get it. You’d think I’d disowned them or something.

    #facebookisnotreallife.

    124
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    Mute richardmccarthy
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    Jul 28th 2013, 1:27 PM

    God almighty.

    5
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    Mute Ryan Murphy
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    Jul 28th 2013, 1:29 PM

    Eh?

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    Mute Cuddle Flips
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    Jul 28th 2013, 8:11 PM

    In fairness, facebook does currently support hashtags. I hide those guilty of all those other offences from my feed though.

    4
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    Mute Simon Eales
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    Jul 28th 2013, 12:11 PM

    If you don’t know how to control your privacy settings then you shouldn’t even be on Facebook.

    116
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    Mute Paul Johnston
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    Jul 28th 2013, 11:35 AM

    Tips on how to stalk ..

    103
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    Mute John Jacobs
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    Jul 28th 2013, 11:33 AM

    Some people are so uptight that there’s no “add friend” button on their profile. Such persons are better off not being part of my life. Aloof bastards.

    76
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    Mute John Jacobs
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    Jul 28th 2013, 11:44 AM

    They’re usually the type of people that look down on socialising with work colleagues.

    40
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    Mute Sean Bambi Keeling
    Favourite Sean Bambi Keeling
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    Jul 28th 2013, 12:51 PM

    Why would you sign up to a site that allows you to connect with people and then hide yourself on it. Steps If don’t want to be found on facebook: Step 1: Don’t make a facebook account.fin.

    64
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    Mute Fergal Kelly
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    Jul 28th 2013, 7:48 PM

    This one needs to learn the art of creeping.

    8
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    Mute Eugene Walsh
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    Jul 28th 2013, 12:47 PM

    I use facebook on a temporary basis,when I’m done scouring…I delete my profile on a temporary basis, works for me! I still can’t believe what people even over 30 are prepared to put up there! It’s amazing!

    47
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    Mute Ryan Murphy
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    Jul 28th 2013, 1:45 PM

    The oul ones are nearly worse than the kids. They’re around so long they think they know it all, and have no interest in learning how the internet works. Once they can get on to Candy Crush and look at pics of their buddy’s 50th, they’re happy out.

    32
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    Mute Liz (10) (^_^)
    Favourite Liz (10) (^_^)
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    Jul 28th 2013, 12:11 PM

    Already do a few of these already, but there were a few I didn’t know about. Thank you Business Insider for that enlightening article :).

    46
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    Mute Paul M. Barrett
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    Jul 28th 2013, 12:23 PM

    Many thanks for this, I’ve always found it difficult to make my page completely secure and available only to friends.

    23
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    Mute Patrick Moran
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    Jul 28th 2013, 11:39 AM

    Who’s Malcolm Reynolds ? Mmm ….. must search out and friend him.

    21
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    Mute T
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    Jul 28th 2013, 12:57 PM

    And then watch Firefly?

    17
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    Mute Richard Humphreys
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    Jul 28th 2013, 9:40 PM

    Why will the journal not allow you to post comments through Facebook unless you let it access your basic info and friends list???

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    Mute Marie Louise Ni Riain
    Favourite Marie Louise Ni Riain
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    Jul 28th 2013, 6:08 PM

    Love UR points ryan

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    Mute Randy Fisher
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    Jul 29th 2013, 3:38 AM

    I have facebook to use my apps only.

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    Mute Den Darlington
    Favourite Den Darlington
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    Jul 28th 2013, 7:31 PM

    Great thanks for info

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