Written answer
Departmental Data
The Minister referred to Revenue data on SPCCC claimants and said proposed credit and tax-band increases were being costed using 2024 data.
411. Deputy Naoise Ó Cearúil asked the Tánaiste and Minister for Finance the number of persons who claimed the single person child carer credit in the latest year for which data are available. [65103/26]
Comment on this
412. Deputy Naoise Ó Cearúil asked the Tánaiste and Minister for Finance the estimated full-year Exchequer cost of increasing the standard rate income tax band available to recipients of the single person child carer credit from €48,000 to €53,000; and the cost of increasing the value of the single person child carer credit from €1,900 to €1,950. [65104/26]
Comment on this
I propose to take Questions Nos. 411 and 412 together.
As the Deputy may be aware, the data on the number of taxpayer units benefitting from the Single Person Child Carer Credit (SPCCC) is available in Revenue’s ‘Cost of Tax Expenditures’ publication which is available on its website at:
www.revenue.ie/en/corporate/documents/statistics/tax-expenditures/costs-tax-expenditures.pdf.
Turning to the Deputy’s proposal regarding increasing the SPCCC and the additional standard rate band, I am advised by Revenue that the estimated full-year costs to the Exchequer are set out in the table below:
These costs are estimates for 2027 based on Revenue’s micro-simulation tool, Tax Modeller, using actual data for the latest year available, currently 2024, adjusted for income and employment trends in the interim.