434. Deputy Pearse Doherty asked the Tánaiste and Minister for Finance the estimated savings from removing tax credits from incomes above €100,000 on a tapered basis until they are fully removed at €140,000. [65817/26]

I am advised by Revenue that it has undertaken estimates on an individualised basis in relation to the 2024 tax year for the tapering of the tax credits referred to by the Deputy to provide an estimated yield that may arise from this proposal. This estimate is based on gross income. 2024 is the latest year for which full tax return data is currently available to be analysed.

It should be noted that although the values of the personal tax credit, PAYE tax credit and the earned income credit have increased since 2024, as provided for in Budget 2025, the 2024 values for the credits were utilised for consistency purposes in preparing these estimates. Based on this, I am advised by Revenue that the estimated first and full year yield for 2024 from tapering the credits in the proposal outlined by the Deputy are €565 million and €670 million respectively.