diff --git a/src/components/CurrencySymbolButton.tsx b/src/components/CurrencySymbolButton.tsx
index 2b736c2ef5275..4d8d3fb4417c8 100644
--- a/src/components/CurrencySymbolButton.tsx
+++ b/src/components/CurrencySymbolButton.tsx
@@ -38,12 +38,12 @@ function CurrencySymbolButton({onCurrencyButtonPress, currencySymbol, isCurrency
                     src={Expensicons.DownArrow}
                     fill={theme.icon}
                 />
-                <Text style={styles.iouAmountText}>{currencySymbol}</Text>
+                <Text style={[styles.iouAmountText, styles.lineHeightUndefined]}>{currencySymbol}</Text>
             </PressableWithoutFeedback>
         </Tooltip>
     ) : (
         <View style={[styles.flexRow, styles.alignItemsCenter, styles.gap1]}>
-            <Text style={styles.iouAmountText}>{currencySymbol}</Text>
+            <Text style={[styles.iouAmountText, styles.lineHeightUndefined]}>{currencySymbol}</Text>
         </View>
     );
 }
diff --git a/src/components/MoneyRequestAmountInput.tsx b/src/components/MoneyRequestAmountInput.tsx
index 1b00728fe2cf3..aaeca047757a4 100644
--- a/src/components/MoneyRequestAmountInput.tsx
+++ b/src/components/MoneyRequestAmountInput.tsx
@@ -96,7 +96,7 @@ type MoneyRequestAmountInputProps = {
 
     /** The testID of the input. Used to locate this view in end-to-end tests. */
     testID?: string;
-} & Pick<TextInputWithCurrencySymbolProps, 'autoGrowExtraSpace' | 'submitBehavior'>;
+} & Pick<TextInputWithCurrencySymbolProps, 'autoGrowExtraSpace' | 'submitBehavior' | 'shouldUseDefaultLineHeightForPrefix'>;
 
 type Selection = {
     start: number;
@@ -136,6 +136,7 @@ function MoneyRequestAmountInput(
         testID,
         submitBehavior,
         shouldApplyPaddingToContainer = false,
+        shouldUseDefaultLineHeightForPrefix = true,
         ...props
     }: MoneyRequestAmountInputProps,
     forwardedRef: ForwardedRef<BaseTextInputRef>,
@@ -348,6 +349,7 @@ function MoneyRequestAmountInput(
             testID={testID}
             submitBehavior={submitBehavior}
             shouldApplyPaddingToContainer={shouldApplyPaddingToContainer}
+            shouldUseDefaultLineHeightForPrefix={shouldUseDefaultLineHeightForPrefix}
         />
     );
 }
diff --git a/src/components/MoneyRequestConfirmationList.tsx b/src/components/MoneyRequestConfirmationList.tsx
index ce7167068d63d..97d8961404a2b 100755
--- a/src/components/MoneyRequestConfirmationList.tsx
+++ b/src/components/MoneyRequestConfirmationList.tsx
@@ -682,6 +682,7 @@ function MoneyRequestConfirmationList({
                     maxLength={formattedTotalAmount.length + 1}
                     contentWidth={(formattedTotalAmount.length + 1) * 8}
                     shouldApplyPaddingToContainer
+                    shouldUseDefaultLineHeightForPrefix={false}
                 />
             ),
         }));
diff --git a/src/components/SelectionList/SplitListItem.tsx b/src/components/SelectionList/SplitListItem.tsx
index 4d1516f090f7d..680545a287dc2 100644
--- a/src/components/SelectionList/SplitListItem.tsx
+++ b/src/components/SelectionList/SplitListItem.tsx
@@ -143,6 +143,7 @@ function SplitListItem<TItem extends ListItem>({
                             maxLength={formattedOriginalAmount.length + 1}
                             contentWidth={(formattedOriginalAmount.length + 1) * 8}
                             shouldApplyPaddingToContainer
+                            shouldUseDefaultLineHeightForPrefix={false}
                         />
                     </View>
                     <View style={[styles.popoverMenuIcon, styles.pointerEventsAuto]}>
diff --git a/src/components/TextInput/BaseTextInput/implementation/index.native.tsx b/src/components/TextInput/BaseTextInput/implementation/index.native.tsx
index 119425e57b9f7..c2a221110764f 100644
--- a/src/components/TextInput/BaseTextInput/implementation/index.native.tsx
+++ b/src/components/TextInput/BaseTextInput/implementation/index.native.tsx
@@ -78,6 +78,7 @@ function BaseTextInput(
         placeholderTextColor,
         onClearInput,
         iconContainerStyle,
+        shouldUseDefaultLineHeightForPrefix = true,
         ...props
     }: BaseTextInputProps,
     ref: ForwardedRef<BaseTextInputRef>,
@@ -275,6 +276,7 @@ function BaseTextInput(
         shouldAddPaddingBottom && styles.pb1,
     ]);
 
+    const verticalPaddingDiff = StyleUtils.getVerticalPaddingDiffFromStyle(newTextInputContainerStyles);
     const inputPaddingLeft = !!prefixCharacter && StyleUtils.getPaddingLeft(prefixCharacterPadding + styles.pl1.paddingLeft);
     const inputPaddingRight = !!suffixCharacter && StyleUtils.getPaddingRight(StyleUtils.getCharacterPadding(suffixCharacter) + styles.pr1.paddingRight);
 
@@ -300,7 +302,7 @@ function BaseTextInput(
                                 variables.componentSizeLarge,
                                 typeof maxAutoGrowHeight === 'number' ? maxAutoGrowHeight : 0,
                             ),
-                        isAutoGrowHeightMarkdown && {minHeight: variables.componentSizeLarge},
+                        isAutoGrowHeightMarkdown && {minHeight: variables.inputHeight},
                         !isMultiline && styles.componentHeightLarge,
                         touchableInputWrapperStyle,
                     ]}
@@ -346,7 +348,7 @@ function BaseTextInput(
                                 </View>
                             )}
                             {!!prefixCharacter && (
-                                <View style={[styles.textInputPrefixWrapper, prefixContainerStyle]}>
+                                <View style={[styles.textInputPrefixWrapper, prefixContainerStyle, shouldApplyHeight && {height}]}>
                                     <Text
                                         onLayout={(event) => {
                                             if (event.nativeEvent.layout.width === 0 && event.nativeEvent.layout.height === 0) {
@@ -358,6 +360,7 @@ function BaseTextInput(
                                         tabIndex={-1}
                                         style={[styles.textInputPrefix, !hasLabel && styles.pv0, styles.pointerEventsNone, prefixStyle]}
                                         dataSet={{[CONST.SELECTION_SCRAPER_HIDDEN_ELEMENT]: true}}
+                                        shouldUseDefaultLineHeight={!!shouldUseDefaultLineHeightForPrefix && !shouldApplyHeight}
                                     >
                                         {prefixCharacter}
                                     </Text>
@@ -431,7 +434,7 @@ function BaseTextInput(
                             )}
                             {((isFocused && !isReadOnly && shouldShowClearButton) || !shouldHideClearButton) && !!value && (
                                 <TextInputClearButton
-                                    style={StyleUtils.getTextInputIconContainerStyles(hasLabel, false)}
+                                    style={StyleUtils.getTextInputIconContainerStyles(hasLabel, false, verticalPaddingDiff)}
                                     onPressButton={() => {
                                         setValue('');
                                         onClearInput?.();
@@ -443,9 +446,8 @@ function BaseTextInput(
                                     size="small"
                                     color={theme.iconSuccessFill}
                                     style={[
-                                        StyleUtils.getTextInputIconContainerStyles(hasLabel, false),
+                                        StyleUtils.getTextInputIconContainerStyles(hasLabel, false, verticalPaddingDiff),
                                         styles.ml1,
-                                        styles.justifyContentStart,
                                         loadingSpinnerStyle,
                                         StyleUtils.getOpacityStyle(inputProps.isLoading ? 1 : 0),
                                     ]}
@@ -453,7 +455,7 @@ function BaseTextInput(
                             )}
                             {!!inputProps.secureTextEntry && (
                                 <Checkbox
-                                    style={StyleUtils.getTextInputIconContainerStyles(hasLabel)}
+                                    style={StyleUtils.getTextInputIconContainerStyles(hasLabel, true, verticalPaddingDiff)}
                                     onPress={togglePasswordVisibility}
                                     onMouseDown={(event) => {
                                         event.preventDefault();
@@ -467,7 +469,13 @@ function BaseTextInput(
                                 </Checkbox>
                             )}
                             {!inputProps.secureTextEntry && !!icon && (
-                                <View style={[StyleUtils.getTextInputIconContainerStyles(hasLabel), !isReadOnly ? styles.cursorPointer : styles.pointerEventsNone, iconContainerStyle]}>
+                                <View
+                                    style={[
+                                        StyleUtils.getTextInputIconContainerStyles(hasLabel, true, verticalPaddingDiff),
+                                        !isReadOnly ? styles.cursorPointer : styles.pointerEventsNone,
+                                        iconContainerStyle,
+                                    ]}
+                                >
                                     <Icon
                                         src={icon}
                                         fill={theme.icon}
diff --git a/src/components/TextInput/BaseTextInput/implementation/index.tsx b/src/components/TextInput/BaseTextInput/implementation/index.tsx
index b7be9394c4d22..8fbc29981fddc 100644
--- a/src/components/TextInput/BaseTextInput/implementation/index.tsx
+++ b/src/components/TextInput/BaseTextInput/implementation/index.tsx
@@ -80,6 +80,7 @@ function BaseTextInput(
         placeholderTextColor,
         onClearInput,
         iconContainerStyle,
+        shouldUseDefaultLineHeightForPrefix = true,
         ...inputProps
     }: BaseTextInputProps,
     ref: ForwardedRef<BaseTextInputRef>,
@@ -280,12 +281,12 @@ function BaseTextInput(
         shouldAddPaddingBottom && styles.pb1,
     ]);
 
+    const verticalPaddingDiff = StyleUtils.getVerticalPaddingDiffFromStyle(newTextInputContainerStyles);
     const inputPaddingLeft = !!prefixCharacter && StyleUtils.getPaddingLeft(prefixCharacterPadding + styles.pl1.paddingLeft);
     const inputPaddingRight = !!suffixCharacter && StyleUtils.getPaddingRight(StyleUtils.getCharacterPadding(suffixCharacter) + styles.pr1.paddingRight);
     // This is workaround for https://github.com/Expensify/App/issues/47939: in case when user is using Chrome on Android we set inputMode to 'search' to disable autocomplete bar above the keyboard.
     // If we need some other inputMode (eg. 'decimal'), then the autocomplete bar will show, but we can do nothing about it as it's a known Chrome bug.
     const inputMode = inputProps.inputMode ?? (isMobileChrome() ? 'search' : undefined);
-
     return (
         <>
             <View
@@ -368,7 +369,7 @@ function BaseTextInput(
                                         tabIndex={-1}
                                         style={[styles.textInputPrefix, !hasLabel && styles.pv0, styles.pointerEventsNone, prefixStyle]}
                                         dataSet={{[CONST.SELECTION_SCRAPER_HIDDEN_ELEMENT]: true}}
-                                        shouldUseDefaultLineHeight={!Object.keys(StyleSheet.flatten(prefixStyle)).includes('lineHeight')}
+                                        shouldUseDefaultLineHeight={shouldUseDefaultLineHeightForPrefix}
                                     >
                                         {prefixCharacter}
                                     </Text>
@@ -453,7 +454,7 @@ function BaseTextInput(
                                     }}
                                 >
                                     <TextInputClearButton
-                                        style={StyleUtils.getTextInputIconContainerStyles(hasLabel, false)}
+                                        style={StyleUtils.getTextInputIconContainerStyles(hasLabel, false, verticalPaddingDiff)}
                                         onPressButton={() => {
                                             setValue('');
                                             onClearInput?.();
@@ -466,9 +467,8 @@ function BaseTextInput(
                                     size="small"
                                     color={theme.iconSuccessFill}
                                     style={[
-                                        StyleUtils.getTextInputIconContainerStyles(hasLabel, false),
+                                        StyleUtils.getTextInputIconContainerStyles(hasLabel, false, verticalPaddingDiff),
                                         styles.ml1,
-                                        styles.justifyContentStart,
                                         loadingSpinnerStyle,
                                         StyleUtils.getOpacityStyle(inputProps.isLoading ? 1 : 0),
                                     ]}
@@ -476,7 +476,7 @@ function BaseTextInput(
                             )}
                             {!!inputProps.secureTextEntry && (
                                 <Checkbox
-                                    style={StyleUtils.getTextInputIconContainerStyles(hasLabel)}
+                                    style={StyleUtils.getTextInputIconContainerStyles(hasLabel, true, verticalPaddingDiff)}
                                     onPress={togglePasswordVisibility}
                                     onMouseDown={(e) => {
                                         e.preventDefault();
@@ -490,7 +490,13 @@ function BaseTextInput(
                                 </Checkbox>
                             )}
                             {!inputProps.secureTextEntry && !!icon && (
-                                <View style={[StyleUtils.getTextInputIconContainerStyles(hasLabel), !isReadOnly ? styles.cursorPointer : styles.pointerEventsNone, iconContainerStyle]}>
+                                <View
+                                    style={[
+                                        StyleUtils.getTextInputIconContainerStyles(hasLabel, true, verticalPaddingDiff),
+                                        !isReadOnly ? styles.cursorPointer : styles.pointerEventsNone,
+                                        iconContainerStyle,
+                                    ]}
+                                >
                                     <Icon
                                         src={icon}
                                         fill={theme.icon}
diff --git a/src/components/TextInput/BaseTextInput/types.ts b/src/components/TextInput/BaseTextInput/types.ts
index 6e4e43d019707..b29a70b8eab49 100644
--- a/src/components/TextInput/BaseTextInput/types.ts
+++ b/src/components/TextInput/BaseTextInput/types.ts
@@ -186,6 +186,9 @@ type CustomBaseTextInputProps = {
 
     /** Whether the input should be enforced to take full height of container. Default is `false` */
     shouldUseFullInputHeight?: boolean;
+
+    /** Whether the input prefix should use the default `Text` line height fallback. Disable this if you intentionally want the prefix to have `lineHeight: undefined` */
+    shouldUseDefaultLineHeightForPrefix?: boolean;
 };
 
 type BaseTextInputRef = HTMLFormElement | AnimatedTextInputRef;
diff --git a/src/components/TextInputWithCurrencySymbol/types.ts b/src/components/TextInputWithCurrencySymbol/types.ts
index f38ad1f07a373..1d75cbbf476f5 100644
--- a/src/components/TextInputWithCurrencySymbol/types.ts
+++ b/src/components/TextInputWithCurrencySymbol/types.ts
@@ -83,7 +83,7 @@ type BaseTextInputWithCurrencySymbolProps = {
 
     /** The test ID of TextInput. Used to locate the view in end-to-end tests. */
     testID?: string;
-} & Pick<BaseTextInputProps, 'autoFocus' | 'autoGrow' | 'autoGrowExtraSpace' | 'contentWidth' | 'onPress' | 'submitBehavior'>;
+} & Pick<BaseTextInputProps, 'autoFocus' | 'autoGrow' | 'autoGrowExtraSpace' | 'contentWidth' | 'onPress' | 'submitBehavior' | 'shouldUseDefaultLineHeightForPrefix'>;
 
 type TextInputWithCurrencySymbolProps = Omit<BaseTextInputWithCurrencySymbolProps, 'onSelectionChange'> & {
     onSelectionChange?: (start: number, end: number) => void;
diff --git a/src/pages/workspace/taxes/ValuePage.tsx b/src/pages/workspace/taxes/ValuePage.tsx
index 1120750ec4f06..17e3a3b312a80 100644
--- a/src/pages/workspace/taxes/ValuePage.tsx
+++ b/src/pages/workspace/taxes/ValuePage.tsx
@@ -95,7 +95,7 @@ function ValuePage({
                         extraDecimals={CONST.MAX_TAX_RATE_DECIMAL_PLACES - 2}
                         // We increase the amount max length to support the extra decimals.
                         amountMaxLength={CONST.MAX_TAX_RATE_INTEGER_PLACES}
-                        extraSymbol={<Text style={styles.iouAmountText}>%</Text>}
+                        extraSymbol={<Text style={[styles.iouAmountText, styles.lineHeightUndefined]}>%</Text>}
                         ref={inputCallbackRef}
                         autoGrowExtraSpace={variables.w80}
                         autoGrowMarginSide="left"
diff --git a/src/pages/workspace/taxes/WorkspaceCreateTaxPage.tsx b/src/pages/workspace/taxes/WorkspaceCreateTaxPage.tsx
index 384f75cc55a1f..f9f772f47cf83 100644
--- a/src/pages/workspace/taxes/WorkspaceCreateTaxPage.tsx
+++ b/src/pages/workspace/taxes/WorkspaceCreateTaxPage.tsx
@@ -117,7 +117,7 @@ function WorkspaceCreateTaxPage({
                                     extraDecimals={CONST.MAX_TAX_RATE_DECIMAL_PLACES - 2}
                                     // We increase the amount max length to support the extra decimals.
                                     amountMaxLength={CONST.MAX_TAX_RATE_INTEGER_PLACES}
-                                    extraSymbol={<Text style={styles.iouAmountText}>%</Text>}
+                                    extraSymbol={<Text style={[styles.iouAmountText, styles.lineHeightUndefined]}>%</Text>}
                                     autoGrowExtraSpace={variables.w80}
                                     autoGrowMarginSide="left"
                                     style={[styles.iouAmountTextInput, styles.textAlignRight]}
diff --git a/src/styles/index.ts b/src/styles/index.ts
index d4cb7375a057d..8172058c5a0f9 100644
--- a/src/styles/index.ts
+++ b/src/styles/index.ts
@@ -1317,8 +1317,8 @@ const styles = (theme: ThemeColors) =>
             fontSize: variables.fontSizeNormal,
             lineHeight: variables.lineHeightXLarge,
             color: theme.text,
-            paddingTop: 15,
-            paddingBottom: 8,
+            paddingTop: variables.inputPaddingTop,
+            paddingBottom: variables.inputPaddingBottom,
             paddingLeft: 0,
             borderWidth: 0,
         },
@@ -1329,7 +1329,7 @@ const styles = (theme: ThemeColors) =>
 
         textInputMultilineContainer: {
             height: '100%',
-            paddingTop: 15,
+            paddingTop: variables.inputPaddingTop,
         },
 
         textInputAndIconContainer: (isMarkdownEnabled: boolean) => {
@@ -1378,8 +1378,8 @@ const styles = (theme: ThemeColors) =>
             display: 'flex',
             flexDirection: 'row',
             alignItems: 'center',
-            paddingTop: 15,
-            paddingBottom: 8,
+            paddingTop: variables.inputPaddingTop,
+            paddingBottom: variables.inputPaddingBottom,
             height: '100%',
         },
 
@@ -1390,8 +1390,8 @@ const styles = (theme: ThemeColors) =>
             display: 'flex',
             flexDirection: 'row',
             alignItems: 'center',
-            paddingTop: 15,
-            paddingBottom: 8,
+            paddingTop: variables.inputPaddingTop,
+            paddingBottom: variables.inputPaddingBottom,
         },
 
         textInputPrefix: {
diff --git a/src/styles/utils/index.ts b/src/styles/utils/index.ts
index cfcb31d022744..1cec935f323e7 100644
--- a/src/styles/utils/index.ts
+++ b/src/styles/utils/index.ts
@@ -1,5 +1,6 @@
 import {StyleSheet} from 'react-native';
-import type {AnimatableNumericValue, ColorValue, ImageStyle, PressableStateCallbackType, StyleProp, TextStyle, ViewStyle} from 'react-native';
+// eslint-disable-next-line no-restricted-imports
+import type {AnimatableNumericValue, Animated, ColorValue, ImageStyle, PressableStateCallbackType, StyleProp, TextStyle, ViewStyle} from 'react-native';
 import type {OnyxEntry} from 'react-native-onyx';
 import type {EdgeInsets} from 'react-native-safe-area-context';
 import type {ValueOf} from 'type-fest';
@@ -727,6 +728,22 @@ function getPaddingBottom(paddingBottom: number): ViewStyle {
     };
 }
 
+/**
+ * Get vertical padding diff from provided styles (paddingTop - paddingBottom)
+ */
+function getVerticalPaddingDiffFromStyle(textInputContainerStyles: ViewStyle): number {
+    const flatStyle = StyleSheet.flatten(textInputContainerStyles);
+
+    // Safely extract padding values only if they are numbers
+    const getNumericPadding = (paddingValue: string | number | Animated.AnimatedNode | null | undefined): number => {
+        return typeof paddingValue === 'number' ? paddingValue : 0;
+    };
+
+    const paddingTop = getNumericPadding(flatStyle?.paddingTop ?? flatStyle.padding);
+    const paddingBottom = getNumericPadding(flatStyle?.paddingBottom ?? flatStyle.padding);
+    return paddingTop - paddingBottom;
+}
+
 /**
  * Checks to see if the iOS device has safe areas or not
  */
@@ -1237,6 +1254,7 @@ const staticStyleUtils = {
     getPaddingLeft,
     getPaddingRight,
     getPaddingBottom,
+    getVerticalPaddingDiffFromStyle,
     hasSafeAreas,
     getHeight,
     getMinimumHeight,
@@ -1379,13 +1397,15 @@ const createStyleUtils = (theme: ThemeColors, styles: ThemeStyles) => ({
 
     /**
      * Computes styles for the text input icon container.
-     * Applies horizontal padding if requested, and sets the top margin based on the presence of a label.
+     * Applies horizontal padding if requested, and sets the top margin based on padding difference.
      */
-    getTextInputIconContainerStyles: (hasLabel: boolean, includePadding = true) => {
+    getTextInputIconContainerStyles: (hasLabel: boolean, includePadding = true, verticalPaddingDiff = 0): ViewStyle => {
         const paddingStyle = includePadding ? {paddingHorizontal: 11} : {};
         return {
             ...paddingStyle,
-            marginTop: hasLabel ? 8 : 16,
+            marginTop: -(verticalPaddingDiff / 2),
+            height: '100%',
+            justifyContent: 'center',
         };
     },
 
diff --git a/src/styles/variables.ts b/src/styles/variables.ts
index d914ff4efe335..cbec992f81045 100644
--- a/src/styles/variables.ts
+++ b/src/styles/variables.ts
@@ -122,7 +122,11 @@ export default {
     lineHeighTaskTitle: getValueUsingPixelRatio(26, 30),
     lineHeightSignInHeroXSmall: getValueUsingPixelRatio(32, 37),
     inputHeight: getValueUsingPixelRatio(52, 72),
+    inputPaddingTop: getValueUsingPixelRatio(15, 21),
+    inputPaddingBottom: getValueUsingPixelRatio(8, 11),
     inputHeightSmall: 28,
+    inputIconMarginTopSmall: getValueUsingPixelRatio(8, 11),
+    inputIconMarginTopLarge: getValueUsingPixelRatio(16, 21),
     formErrorLineHeight: getValueUsingPixelRatio(18, 23),
     communicationsLinkHeight: getValueUsingPixelRatio(20, 30),
     alternateTextHeight: getValueUsingPixelRatio(20, 24),