The Budget 2025 features significant tax modifications for workers, especially with the introduction of a €2,000 increase to the threshold for the higher 40% income tax rate.
Alongside the higher income tax threshold, the budget introduces a €125 rise in the primary income tax credit, providing further financial relief for workers during tax season.
A notable reduction in the Universal Social Charge—from 4% to 3%—is also included, reflecting the government's commitment to easing the financial burden on taxpayers.
Additional changes encompass a boosted tax credit for renters and several targeted measures aimed at supporting parents, enhancing the budget's overall appeal to diverse demographics.
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