As we step into a new year, it’s essential for Irish businesses to stay informed about the significant budgetary changes coming into effect in 2025. These updates have been designed to stimulate innovation, support entrepreneurship, and address challenges in sectors like housing and creative industries.

Taxes are a fact of life, but that doesn't mean you have to pay more than necessary. In Ireland, the government offers various tax credits designed to ease the burden on taxpayers. This guide explores some of the most commonly claimed tax credits, helping you understand what they are, who qualifies, and how to claim them.

One of the big money-saving measures announced in the most recent Budget was the mortgage interest relief initiative - temporary Mortgage Interest Tax Credit (MITC).

Although it was announced last year, it was only in the last few weeks that people could apply for the relief. Potentially it could see homeowners getting up to €1,250 back in their pockets.