Rent Tax Credit

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 from the Rent Tax Credit, you must have an Income Tax liability to offset against it. The credit does not provide relief against Universal Social Charge (USC) or Pay Related Social Insurance (PRSI).

If the credit due exceeds your Income Tax liability, you will not be able to fully utilise the credit.

Tax relief is granted at 20%. The maximum amount you can be refunded, from the Rent Tax Credit, 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.

Next: How to claim