The official announcement will come around Valentine's Day.
The VAT on some bills could be reduced by close to 10% in an effort to address the cost of living.
The government is also considering cutting motor tax, passport fees and doubling next month's €100 energy credit.
No official announcement is expected before February 15th.
Junior Finance Minister, Laois/Offaly TD Sean Fleming says they're looking to help as many people as possible in a short period of time: