Banking
Michael McGrath: Hundreds of euro in tax relief now available to mortgage holders
PAYE taxpayers can now avail of a temporary one-year mortgage interest tax relief scheme up to a value of €1,250, following the announcement of the scheme in Budget 2024
About 200,000 hard-pressed borrowers can, from today, claim mortgage interest relief for last year following the introduction of a targeted scheme in Budget 2024.
Michael McGrath, the finance minister, said that PAYE taxpayers could now avail of a temporary one-year mortgage interest tax relief scheme up to a value of €1,250. The tax relief is at the standard rate of income tax and is based on the increase in interest paid in 2023 over interest ...
