Explainer: How to claim €500 rent tax credit as Revenue portal opens to 400,000 eligible taxpayers

The tax credit is available for any person that was in rental accommodation in 2022, allowing them to claim back €500 this month.

For PAYE earners, the rent tax credit is already available to claim, while self-employed people must wait until January 24th to apply

As Budget 2023 schemes come into effect this month, Finance Minister Michael McGrath has confirmed that 1.5m income taxpayers will see an increase in their net income this year, along with 400,000 people now eligible for the newly introduced rent tax credit.

The credit is available to any taxpayer that was in rental accommodation in 2022, allowing them to claim back €500, with jointly assessed married people or civil partners eligible for €1,000.