Rent Tax Credit Set for Boost | Limerick News

Renters are in for a potential boost as Ireland’s Rent Tax Credit looks set to get a major upgrade in the upcoming budget. Tanaiste Simon Harris confirmed he’s “positively disposed” to expanding the credit, which recently jumped from €500 to €1,000 for singles and €1,000 to €2,000 for couples — but saw no increase last year. With over 335,000 taxpayers using the credit last year — up from previous years — and rents soaring (average two-bedroom rent hit €2,176/month, up nearly 8% year-on-year), the government sees this as a vital lifeline. Harris also hinted at broader tax reforms, including reviewing inheritance tax and adjusting income tax thresholds, with a total tax package of €1.5 billion earmarked for personal income adjustments. Capital Acquisitions and Capital Gains Tax changes are also expected during the government’s term — signaling a clear direction toward more progressive tax relief. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/8ada737a2f176218