Energy credits, a double payment of child benefit before Christmas, and a double welfare payment after Christmas are among the measures expected in Tuesday’s budgetMinister for Housing Darragh O’Brien said the tax credit for renters is currently €500 a year 'and I’d like to see that increase and I think we would be confident in saying that we will'. He was speaking at the opening of 67 new social homes in Ballyogan, Dublin.
The final details of the social protection budget and the settlement for the Department of Children will be discussed at this afternoon’s meeting as well as a small number of outstanding issues hanging over from the weekend. It is understood that the tax package has also been largely agreed, and will include a form of mortgage interest relief up to €1,250 for homeowners who have seen their loan repayments rocket since the ECB began increasing rates last year.
While Mr O’Brien would not be drawn on the amount, he added that more work needed to be done on raising awareness of the credit. “There’s no question that those on variable rate mortgages or indeed tracker mortgages, particularly those with the non-bank lenders who have seen ten rate increases in a very short space of time, that’s having a real impact on families and that’s an area that I know Minister McGrath has been focused on,” he added.
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Source: IrishTimes - 🏆 3. / 98 Read more »