How much is the Rent Tax Credit?

20% of the rent you paid, up to €500 for 2022 and 2023, €1,000 for 2024 to 2026 and €1,150 for 2027 (from Budget 2027). Couples taxed together get double. It can't be more than your income tax.

Can I claim for past years?

Yes, for 2022 to 2025, on an Income Tax Return in myAccount under 'Review your tax for the previous 4 years'. Claims for 2022 must be made by 31 December 2026.

Can parents claim for a student's rent?

Yes, if the child goes to an approved course and was under 23 on 1 January of the year they started it. Neither of you can be related to the landlord. Digs and rent-a-room count.

Does it reduce USC or PRSI?

No. It only reduces income tax, and only as far as zero. If your income tax is lower than the credit, the rest is lost.

Tax credits

Rent Tax Credit

Check you qualify and see the credit for each year from 2022 to 2027, limited the three ways Revenue limits it.

Self-assessment tool. The figures come from your own answers. It isn't advice, and you're responsible for what you file or claim. heypenny.ie is a trading name of Kinch Press. Read the disclaimer.

Common questions

How much is the Rent Tax Credit?: 20% of the rent you paid, up to €500 for 2022 and 2023, €1,000 for 2024 to 2026 and €1,150 for 2027 (from Budget 2027). Couples taxed together get double. It can't be more than your income tax.
Can I claim for past years?: Yes, for 2022 to 2025, on an Income Tax Return in myAccount under 'Review your tax for the previous 4 years'. Claims for 2022 must be made by 31 December 2026.
Can parents claim for a student's rent?: Yes, if the child goes to an approved course and was under 23 on 1 January of the year they started it. Neither of you can be related to the landlord. Digs and rent-a-room count.
Does it reduce USC or PRSI?: No. It only reduces income tax, and only as far as zero. If your income tax is lower than the credit, the rest is lost.

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