How to claim rent tax credit as value rises to €750 as part of Budget 2024

Introduced last year, the rent tax credit has recorded a significantly low uptake, with more than a quarter of renters yet to submit a claim

10/10/2023. Minister for Finance Michael McGrath TD & Minister for Public Expenditure, National Development Plan Delivery and Reform, Paschal Donohoe TD during Budget 2024 at Government Buildings, Dublin.

Introduced last year to help tenants cope with rising accommodation prices, the rent tax credit has been continued and increased from €500 per year to €750 for 2024. 

Speaking as part of this year's budget, Finance Minister Michael McGrath announced that in addition to the €250 increase in value, a new amendment has also been made allowing parents who pay for their children living in Rent a Room or digs accommodation to claim the rent tax credit.