The Mortgage Interest Tax Credit (MITC) was announced in Budget 2024. Customers can claim a tax credit on the increase in mortgage interest they paid in 2023 over the mortgage interest they paid in 2022.
This was introduced to support customers who have been impacted by mortgage rate increases since July 2022.
The tax relief, subject to a cap of €1,250, is available to taxpayers with mortgage balances of between €80,000 and €500,000 as of 31 December 2022. The credit is only available for the 2023 tax year.
To claim the credit, the following documents are required to be uploaded through Revenue’s online services (Revenue.ie):
- Certificate of Mortgage Interest 2022
- Certificate of Mortgage Interest 2023
- Confirmation of qualifying loan balance at 31 December 2022.
Some customers may to need request a copy of their 2022 Mortgage Statement. This can be requested by the customer contacting your Lenders Customer Service Team .
For all other information relating to the Mortgage Interest Tax Credit, please visit Mortgage Interest Tax Credit on Revenue.ie.