Taxes Consolidation Act 1997 section 194B

Back to work family dividend

Section 194B exempts the back to work family dividend from income tax and provides that it is not taken into account when calculating income for income tax purposes.

• The back to work family dividend is a social welfare payment payable under Part 7A of the Social Welfare Consolidation Act 2005.
• The dividend is fully exempt from income tax.
• It is not included when computing income for the purposes of the Income Tax Acts.
• The exemption was introduced by section 16 of the Social Welfare (Miscellaneous Provisions) Act 2015.