Minister for Housing Darragh O’Brien said the tax credit for renters is currently €500 a year 'and I’d like to see that increase and I think we would be confident in saying that we will'. He was speaking at the opening of 67 new social homes in Ballyogan, Dublin. Photograph: Tom Honan/The Irish Times
The final details of the social protection budget and the settlement for the Department of Children will be discussed at this afternoon’s meeting as well as a small number of outstanding issues hanging over from the weekend. Minister for Housing Darragh O’Brien has said he is “confident” the tax credit for renters would increase in the Budget on Tuesday.
“It’s been a really good support for renters. It’s a real way of reducing the cost of rent…The base rate is €500 and I’d like to see that increase and I think we would be confident in saying that we will.”a lot of work had gone into Budget 2024 to ensure the package was fair, progressive and “helps those who need it most”.
The figures show 203,000 taxpayer units claimed the credit for 2022, 35,444 taxpayer units have made claims for 2022 and 2023, and 16,083 taxpayer units have made claims for 2023 only. The total amount claimed for last year was €33.59 million and total amount claimed to date for 2023 is €31.86 million.
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