Just 22,000 renters have claimed rent tax credits worth €1,000 for 2022 and 2023, new figures have shown.
The Government announced as part of last September’s Budget that renters would be able to claim a rent tax credit worth up to €500 for each year between 2022 and 2025. Their landlord must be registered with the Residential Tenancies Board (RTB) in order for them to be eligible.
It was confirmed that as well as being able to claim back the credit for 2022, renters would also be able to claim the credit for 2023 in real-time as rent is incurred or at the end of the year through their Income Tax return. Figures provided by Finance Minister Michael McGrath to Fianna Fáil TD Jim O’Callaghan, show that 247,158 Rent Tax Credit claims have been made by almost 225,000 taxpayers.
