Housing Minister discussing rise for renters tax credit in Budget 2025 with Jack Chambers

Should an extra €250 tax credit be paid out this year, it would allow renters to claim back €1,000 for this year with the credit increased to €1,000 in 2025 as well

Housing Minister Darragh O'Brien speaking to the media during a doorstep ahead of the official opening of Crofters Quarter in Deansgrange, Blackrock, Co Dublin, on Monday. Mr O'Brien said the planning and development bill will pass both houses by early October.. Picture: Niall Carson/PA

A "significant" increase in the renters tax credit is under discussion for Budget 2025, the Housing Minister has said.

The existing renters tax credit of €750 is a big help to those in the rental market and an increase would be welcome, said Darragh O'Brien. Amid reports of an additional €250 to be paid to renters, Mr O'Brien said that an exact figure is a matter for the whole of government to decide.