Treasury Minister Chris Thomas says more work would be done to calculate how much raising income tax allowances would cost the government.
This week in the House of Keys he faced questions from Arbory, Castletown and Malew MHK Jason Moorhouse about the cost of letting people keep more of their earnings.
Mr Thomas said raising the income tax threshold by £250 would cost around £2.5 million.
But he added that figure could change depending on circumstances:
Castletown police station could be yours... for £250,000
Fancy owning a landmark building in the south of the Island?
Brewery advertising for operator for landmark Laxey pub
Could you run one of Laxey's best-known pubs?
Hospice cafe reopens next week after refurb
A much-loved café will be throwing open its doors again next week.
Another one bites the gust - as Ramsey rocks cancelled
A huge live music event in Ramsey this weekend has been cancelled.
Mountain Road closed again after crash
The Mountain Road is currently closed after a crash.
Merchant Navy Day to be marked with memorial service
Merchant Navy Day will be marked on Island with a remembrance service for those who lost their lives at sea.
Fundraiser launched for injured MGP rider
A fundraiser's been launched to raise money for a Czech rider who was injured during the MGP.
Noel back in the saddle after handy pub pumping leaves him smiling
Noel Edmonds has thanked a pub in the north of the Island for helping out when he felt a little deflated.
