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Claim €500 tax credit if you are a renter in Ireland

Claim €500 tax credit if you are a renter in Ireland

If you rented in the year 2022, you will be able to claim the tax credit for €500 this month.

The new Budget 2023 schemes will come into implementation this month. Those earning below the median income should see a notable boost in their net pay, while 400,000 more people will now be eligible for rent tax.

Many people are claiming back €500 on their credit, but it can be more depending on your circumstances. Jointly assessed married people or civil partners are eligible for €1,000.





For PAYE earners, the rent tax credit is already available to claim. Self-employed people will have to wait until January 24th to apply.

How to Claim the Rent Tax Credit?

  1. To get the rent tax credit, sign in to your Revenue account.
  2. Once inside, check your tax for 2022 and you'll be able to see the appropriate statement of liability.
  3. Through this statement, It's important to check that you've paid the right amount of tax each year, so the Revenue will let you know if you've overpaid or underpaid for the year before asking for your 2022 Income Tax Return.
  4. Users will be asked to provide personal and income details to subsequently be directed to the Tax Credits and Reliefs page. Under the complete list of all the tax credits available, users will find the option to claim the rent tax credit under the "You and Your Family" settings.
  5. Once you have selected your property, Revenue will ask a set of questions relating to the tax credit - this includes whether or not the property is registered with the Residential Tenancies Board(RTB) and its subsequent number if it is registered. If the property is not registered with the RTB then you cannot avail of the rent tax credit.
  6. Once you enter all the necessary information, this credit will be added to your list of credits already available.
  The new tax changes affect over 1.5 million people and were also announced as part of Budget 2023.

The income threshold for the 40% marginal rate of tax will be changing significantly. It will increase from €36,800 for a single person to €40,000. For married couples, the cut-off rate will increase to €80,000

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