Thousands of renters in Mayo yet to claim €750 rent tax credit

THOUSANDS of renters across Mayo have yet to claim their tax credit worth €750 per person, Minister of State Alan Dillon has said.

The Fine Gael Minister of State at the Department of Housing has urged renters to claim their once-off rent tax credit as fresh figures show there are thousands of tenants who have yet to avail of the financial support.

He said: “Under this scheme, individuals can claim €750, and couples can claim €1,500 when jointly assessed. This is a welcome step for many who may be trying to save to buy a home.

“The increase in this credit from €500 to €750 in Budget 2024 was an excellent boost for renters across Mayo.

“Last year, 3,630 renters across Mayo claimed the tax credit. This year, approximately 736 renters in Mayo have claimed the credit so far, which leaves many who have not yet availed of this significant financial benefit.

“The rent tax credit also applies to parents in Mayo who pay for their children’s student rental accommodation. The beginning of the college year is an expensive time for parents, so it’s really important they are aware of the supports available before students go back to college in September.

“The scheme also applies if a renter has an arrangement where the tenant shares with the owner or is in a rent-a-room or ‘digs’ arrangement.”

He continued: “It’s easy to claim the credit; renters can do this online through Revenue’s myAccount system. To avail of the tax credit, a landlord must be registered with the Residential Tenancy Board (RTB).

“The renters’ tax credit is an important financial assistance to those who avail of it as a means to reduce their household costs.

“I believe the tax credit should be increased further in the forthcoming budget as a means to continue to support renters and parents of student renters.

“I strongly urge renters and parents who are supporting college students across Mayo to avail of this measure.”