Renters at risk of losing out on up to €1,000 in tax relief

To claim the full rent credit, a single person must spend at least €2,500 a year on their rent and couples must spend at least €5,000.

Thousands of people are at risk of missing out on tax relief worth up to €1,000 as they are unaware it exists.

Introduced as part of Budget 2023, it is estimated that 400,000 are eligible for the new rent credit. However, almost 70% of people are not aware of its introduction, according to a recent survey.