Catherine Ardagh (Dublin South Central, Fianna Fail)
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139. To ask the Minister for Finance his plans to progressively increase the rent tax credit; and if he will make a statement on the matter. [39411/25]

Paschal Donohoe (Dublin Central, Fine Gael)
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The Rent Tax Credit (RTC), as provided for in section 473B of the Taxes Consolidation Act 1997 (TCA 1997), was introduced by the Finance Act 2022 and may be claimed in respect of qualifying rent paid in 2022 and subsequent years to end-2025.

For the years 2022 and 2023 the Rent Tax Credit is valued at a maximum of €500 per single individual and €1,000 per jointly assessed couple. For the years 2024 and 2025 the Rent Tax Credit is valued at a maximum of €1,000 per single individual and €2,000 per jointly assessed couple.

The Rent Tax Credit has played a valuable role in providing financial support to renters right across the country.

The Programme for Government commits to progressively increasing the Rent Tax Credit. However, and as the Deputy will appreciate, decisions regarding taxation measures are made in the context of the annual Budget and Finance Bill processes, at the appropriate time, having regard to the sound management of the public finances, and the impact any proposed changes would have on the broader housing market.

Finally, it is a longstanding practice of the Minister for Finance not to comment in advance of the Budget on any tax matters which might be the subject of Budget decisions.