Up to two million income taxpayers are to benefit from new financial measures from midnight tonight.
The new measures which take effect at midnight will see the standard rate of income tax kick in at 42,000 Euro leaving workers 2,000 Euro better off.
Rent Tax credit will be increased to €750 with further increases to the Home Carer Tax Credit, Single Person Child Carer Tax Credit and Incapacitated Child Tax Credit as well.
The National Minimum Wage will increase to 12.70 per hour while a single person earning the average annual salary of €47,000 can expect to see an increase in take home pay of €780.
A couple earning €100,000 between them will see an increase in take home pay of €1,560 in 2024, a happy new year for many.
