Explainer: How do you claim the Rent Tax Credit and when will it be paid? [Video]

THE RENT TAX Credit is back for Budget 2025 — and it’s worth more than ever.

The Government announced today that the credit will increase to €1,000 per person next year, and that the new amount has been back-dated so that people can also claim an additional €250 for this year.

Here’s everything you need to know about it, from knowing whether you’re eligible for it to how to claim it.

How much is it worth?

The credit is worth up to €1,000 per calendar year for both 2024 and 2025.

Before today’s announcement, the credit was worth €750 for 2024, so people who’ve already claimed it for this year can now get an extra €250.

It was initially worth €500 when it was introduced in 2022, so if you haven’t ever claimed it but have been renting since the start of last year, you could be in line for a credit worth more than …