Revenue wants to give you money — here is how to claim it 

According to Revenue, up to 481,000 people in Ireland paid too much tax last year and an information campaign has now been launched to encourage people to claim back money to which they are entitled

Many taxpayers are missing out on valuable credits due to lack of awareness. Picture: PA

When Finance Minister Michael McGrath was announcing details of Budget 2024 recently, he was keen to highlight the low take-up of the renters' tax credit. 

For anyone who is not an accountant, seeing the words ‘tax credit’ can result in panic. The fear of trying to figure out how to claim tax reliefs and the perception that it is extremely complicated can often stop someone in their tracks when they think about claiming money back.