Pearse Doherty (Donegal, Sinn Fein)
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237. To ask the Minister for Finance the cost to the exchequer of the rental tax credit in 2024. [40534/25]

Pearse Doherty (Donegal, Sinn Fein)
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246. To ask the Minister for Finance further to Parliamentary Question No. 296 of 12 June 2025, if he will clarify that c.€350 million is the projected cost of the renters' tax credit in 2025; to outline the allocation in the projection for 2026 to cover the cost of claims for the tax credit from 2023, 2024 and 2025. [40560/25]

Paschal Donohoe (Dublin Central, Fine Gael)
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I propose to take Questions Nos. 237 and 246 together.

The Rent Tax Credit 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. At the time of introduction, the credit was valued at €500 for a single person and €1,000 for a jointly assessed couple. For the years 2024 and 2025, the value of the credit increased to €1,000 for a single person and €2,000 for a jointly assessed couple.

For 2022, the Exchequer cost of the Rent Tax Credit was €156 million.

The 2023 Exchequer cost is expected to become available in the coming weeks.

Exchequer cost data for 2024 or 2025 are not available as the filing deadlines in relation to self-assessed taxpayers have not yet passed.

The most recent set of fiscal projections, published in the Annual Progress Report in May, incorporate an estimate of €350 million for the Rent Tax Credit in respect of the year of assessment 2025. This estimate is an estimate of costs rather than an allocation.

The Rent Tax Credit will expire at the end of 2025. If the measure were to be extended beyond its current end-date, estimates in relation to 2026 and beyond will be based on the latest available data.

As the Deputy will be aware, it is a long-standing practice that the Minister for Finance does not comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions.