Photo: Arthur CarronThere has been an extremely small take-up of the tax credit for renters despite the surge in the cost of renting. The renter tax credit was increased to €750 as part of Budget 2024, or €1,500 per couple. Today's News in 90 Seconds - July 15thLast year 256,205 renters claimed the tax credit, at a total cost of €145m. “I am very concerned at the low uptake of the renter’s tax credit and the lower update in its second year,” Mr Ó Broin said. Mr Ó Broin said average rent increases are far greater than the average amount of the tax credit for both new and existing renters.

Source: Irish Independent July 16, 2024 13:26 UTC