"Congress needs to take action as soon as possible, because while the credits are not set to expire in federal statute until December 31, 2025, Americans will feel the impacts far sooner..."
Diarmuid O'Connor, a spokesperson for Fianna Fáil, emphasized the importance of the renters' tax credit: 'It provides vital support for families and individuals grappling with increasing rent costs. With the new increase, we are acknowledging and responding to the serious affordability crisis renters face. Our goal is to ensure every tenant has adequate financial relief as the rental market remains challenging.'