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Rent Tax Credit

  1. Overview
  2. Qualifying conditions for all claimants
  3. Further conditions where a property is used as principal private residence
  4. Further conditions where a property is used as second home
  5. Further conditions where a property is used by your child
  6. How much can you claim?
  7. How to claim

How much can you claim?

The Rent Tax Credit reduces the amount of Income Tax that you are due to pay for a tax year. To benefit you must have an Income Tax liability to offset against your Rent Tax Credit. The credit does not provide relief against Universal Social Charge (USC) or Pay Related Social Insurance (PRSI).

Budget 2025 increased the maximum Rent Tax Credit for 2024 from:

  • €750 to €1,000 for a single assessed taxpayer
  • and
  • €1,500 to €2,000 for a jointly assessed married couple or civil partners.

You will be issued with an amended Tax Credit Certificate for 2024 showing your additional amount of Rent Tax Credit due to you for 2024 if:

  • you claimed the Rent Tax Credit before 13 November 2024
  • and
  • the rent paid in your 2024 claim exceeded €5,000 (€10,000 for a jointly assessed married couple or civil partners).

Note

If you have not claimed or maximised your Rent Tax Credit claim for 2024 you can do so now. If you have Pay As You Earn (PAYE) income, you can do this through the “Manage Your Tax 2024” on myAccount and the Revenue Online Service (ROS).

For further information please see the 'How to claim' page. 

For 2022 and 2023, the maximum amount you can claim is:

  • €1,000 for a jointly assessed couple
  • or
  • €500 for all other cases.

If the Rent Tax Credit exceeds your Income Tax liability, you can only receive a partial refund. This refund would be equal to your total Income Tax liability for the year.

  • Example 1

    Jane is single and made rent payments of €1,500 each month in 2024. Jane’s Income Tax liability for 2024, after all other credits, reliefs and allowances, was €16,500.

    Jane satisfies all conditions of the Rent Tax Credit. Jane will be entitled to rent a credit of €1,000 in 2024, being the lower of the amounts below:

    Jane's Rent Tax Credit
    DescriptionAmount 
    The total of all rent payments made by Jane of €18,000 at 20% €3,600
    The specified amount of €5,000 at 20% €1,000
    The amount required to reduce Jane’s Income Tax liability to nil €16,500
  • Example 2

    Ciarán and Seán are a jointly assessed couple and made rental payments of €1,500 a month in January and February 2024.

    Ciarán is the assessable spouse and the couple’s Income Tax liability for 2024, after all other credits, reliefs and allowances, was €24,000.

    Ciarán satisfies all conditions of the Rent Tax Credit. Ciarán will be entitled to a credit of €600 in 2024, being the lower of the amounts below:

    Ciarán's Rent Tax Credit
    Description Amount
    The total of all rental payments made by Ciarán and Seán of €3,000 at 20% €600
    The specified amount of €10,000 at 20% €2,000
    The amount required to reduce the couple’s Income Tax liability to nil. €24,000 
  • Example 3

    Ben is a single person and made rent payments of €400 a month between January and April 2024. Ben was made redundant in April 2024 and did not re-enter employment for the rest of that year.

    Ben’s Income Tax liability for 2024, after all other credits, reliefs and allowances, was €120. Ben satisfies all conditions of the Rent Tax Credit. However Ben will only be entitled to a credit of €120 in 2024, being the lower of the rent credit €320 and the €120 amount required to reduce Ben’s Income Tax liability to nil.

    Ben's Rent Tax Credit
    DescriptionAmount
    The total of all rent payments made by Ben of €1,600 at 20%, €320
    The specified amount of €5,000 at 20% €1,000
    The amount required to reduce Ben’s Income Tax liability to nil €120

Next: How to claim

Published: 06 December 2024 Print this page

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