Taxes Consolidation Act 1997 section 464

Age tax credit

Section 464 provides an additional tax credit, known as the age tax credit, for individuals aged 65 or over.

• An individual must already be entitled to the basic personal tax credit under section 461 in order to qualify for the age tax credit.
• The credit is €245 for a single person or any individual not jointly assessed with a spouse or civil partner.
• The credit is €490 for a married couple or civil partners who are jointly assessed under section 1017 or section 1031C, where either party is aged 65 or over.
• The credit is granted for the full year of assessment in which the individual reaches age 65, and is awarded automatically where Revenue holds the individual's date of birth.