Renter's tax credit

It is 20% of 2500/5000 you get back.

That's the limit you can claim for. For the whole year.

Hope that makes sense.

I will have paid €2500 by the end of May as my rent is €500 per month. Can I claim back the €500 then as a full refund or do I’ve to wait till later in the year to file the 2023 income tax return?

I’ve already received the 2022 refund. I was going to have it reduce my tax over the 2023 year but would prefer the full refund in one lump sum

Great thanks!

Anyone using an Umbrella company still awaiting this?

Could anyone advise if you rent a room in your landlords house, ie have a licence agreement rather than a registered tenancy, then that you can claim the 2×€500 cost of living tax credits for renters?

If you can what information do you need to provide and who do you provide it to?

I assume from the budget announcement if you claim this tax credit in a lump sum the increase to €750 won't be available until January 2025 and the refund in January 24 will still be €500?

the RTB should know about everyone living there though

but everyone resident is supposed to be on the rtb files so if there was any audit and revenue are paying credit to 6 people but rtb only knows of one it may raise a couple of flags.

But that's assuming that agencies would work together to catch our fraudsters but I'm not that confident

Whenever the 2023 tax return is available on your Revenue myaccount which should be the 1st of January.

Filed my tax return for 2023 on New Years Day, should have it soon. Hopefully get the €500 and maybe an income tax refund too. It’s just a shame we’ve to wait till next year for the €750

Its a Tax credit so it will increase your take home pay by €62.50 each month in 2024 if you have already applied for it. Above posters are now claiming back the full €500 from last year, alternatively they could have been getting back €41.66 a month in 2023

From your first post it sounds like you added the 2023 rent tax credit to your 2023 tax credits using the PAYE services section of your Revenue Myaccount. That doesn't generate a refund of tax from Revenue. It just reduces the amount of tax you pay during the active tax year. In your case 2023. However by the time you did it the way you did, it was pointless as no new tax credit certificates were issuing at that time of year.

If you want to claim relief for the 2023 tax year, go file your annual tax return and add the credit there.

Do you mean as a lump sum? Lump sum is 500 and got mine last week

if you mean the 750 for 2024 you more than likely haven’t paid enough tax yet for the credit to be applied