A hike to the Rent Tax Credit is on the cards for Budget 2025 - being able to claim up to €2,000 back in rent could be a major help to hundreds of thousands of people
Thousands of people may be in line for a €1,000 boost as Finance Minister Jack Chambers and Minister for Housing Darragh O'Brien have backed a fresh increase to the Rent Tax Credit.
Minister O'Brien told the press this week: "That's something that we will absolutely discuss and Minister Chambers and I have already said that we would like to see a further expansion of the renters' tax credit."That's why we've scaled up the First Home scheme. We've invested an additional €80million this year, €40million from us, €40million from the banks, because lots of renters are now buying their homes by using the First Home scheme.
Speaking on Morning Ireland earlier this week, Minister Chambers didn't give any details away when it came to measures the government are considering at this time.
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