The maximum amount of the Earned Income Credit was increased by €200 to €1,150 by Finance Act 2017. The increased amount applies for the 2018 tax year.

The credit, provided for in section 472AB of the Taxes Consolidation Act 1997, was first introduced in 2016 at a maximum amount of €550. This amount has increased each year since its introduction. The credit is equal to the lower of 20 percent of an individual’s qualified earned income and the maximum amount, €1,150 for 2018.

Revenue has updated their Tax and Duty manual for the increased amount introduced by Finance Act 2017.