A new circular from the Revenue Agency that has just been issued contains wide-ranging news that is important to know.
The circular number 4 of 18 February 2022 goes to make numerous clarifications.
The Revenue Agency with its circulars has the power to clarify, modify (within certain limits) and concretely implement the tax provisions. It is therefore important to focus on the wide-ranging news just disclosed by the Agency. In this circular it is established that from 1 March 2022 the tax deductions for dependent children up to 21 years of age are no longer effective. From the same date the deduction for large families. The motivation is obviously the arrival of the single check. So these two measures disappear because they are “replaced” by the single check, but here there are important clarifications.
Deductions: some canceled, others not
But be careful because in any case it is for children within the age of 21 even if there are no longer deductions for dependent children, it does not mean that the deductions established for all those expenses incurred in their interest cease to be in force. To give a practical example, the deductions for the school or university they are not canceled from the single check. Likewise, the deductions for public transport or the brand new deduction contained in the so-called music bonus. In fact, the expenses for choirs will be absolutely deductible supported conservatories and music schools for children aged 5 to 18. This will be possible if the family’s ISEE is within 36,000 euros and within 1000 euros.
Bonus 100 euros: what changes
But the new circular of the Revenue Agency does not stop there. There is also significant news for the so-called € 100 bonus or Renzi bonus. The Renzi bonus was in fact overwhelmed by the IRPEF reform and consequently with the new brackets it is a question of understanding who it belongs to and who it no longer belongs to. Born under the government of the same name, it was worth 80 euros but over time it has been raised to 100 eurosbut now it must be included in the new regulatory framework that emerged from the last budget.
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Therefore this new circular sheds some light in this sense. Also because a lot of confusion has been created around this bonus lately. The Renzi bonus therefore waits up to € 15,000 in income. In the range between € 15,000 and € 28,000 instead the bonus must be calculated on a case-by-case basis. The € 100 bonus will still be there but only if a whole series of deductions result higher than the gross tax.
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