Parents who pay their third-level children’s college rent will now be able to receive the Government's €500 rental tax credit.
On Tuesday, under proposals agreed by Minister for Higher Education Simon Harris and Minister for Finance Paschal Donohoe, the rental tax credit was extended to now include parents who pay rent for their children attending college. To receive the payment, the student must be in a tenancy registered with the Residential Tenancies Board (RTB).
As part of the Budget announcement, it was announced that renters would receive two €500 tax credits. One credit will be administered for 2022, while the second will apply in 2023.
